Opposition mounts to ‘unfair’ tax increases targeting the wealthy
Campaigners fear tax increases will “pour cold water over Britain’s entrepreneurialism just when we need it most”
10 December 2020 • 1:43pm
A proposed wealth tax on hundreds of thousands of homeowners would wreck Britain s recovery and punish wealth creation, accountants and a leading business group have warned.
Plans from the Wealth Tax Commission for a raid on property savings and investments were dismissed as blunt and inefficient by experts at audit firm RSM.
Meanwhile the Institute of Directors (IoD) said the plan could ruin efforts to rebuild after Covid and destroy entrepreneurship.