Page 26 - Daniel Hyde News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rishi Sunak warned not to copy America and double taxes American high earners will see some tax rates double under President Biden s proposals President Biden proposed his tax changes to Congress this week Credit: MELINA MARA/ AFP American President Joe Biden’s plans to nearly double capital gains tax for the wealthy have prompted campaign groups to warn Britain must not follow his lead and implement a similar policy.  Mr Biden has proposed hiking tax on capital gains and dividends from 20pc to 39.6pc for those earning $1m (£720,000) or more. This could raise £370bn over 10 years, according to The Tax Policy Center, an American think tank, to pay for extra spending on childcare and education. The tax raid is expected to cost some Americans living in Britain £170,000.

United statesUnited kingdomGeorge bullBlick rothenbergDanielle boxallDaniel hydeMadam jefferiesJoe bidenRobert palmerTax policy centerTaxpayer allianceAmerican president joe bidenTax simplificationTax justice united kingdomஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்