Thread: Is it time to leave the UK?
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Old 09-09-2022, 10:43   #67
jfman
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Re: Is it time to leave the UK?
Quote:
Originally Posted by tweetiepooh View Post
The issue then should be to collect the tax at income properly from these individuals, collect capital gains as appropriate, tax interest earned. But the super rich always find ways to lessen their tax burden at the expense of everyone else.

The difficulty as always is hitting the right target without collateral damage. If some rich person acquires lots of paintings but then permanently lends them to a public gallery does that get different treatment to someone who buys a painting from someone unknown who gets discovered and becomes extremely valuable but is hanging in their front room. Do we have to have exceptions and exemptions and on it all goes?
Don’t let perfect be the enemy of good. There’s £2.5 trillion out there nobody has paid for down the generations.
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