RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Inheritance tax should be cut to 10%, system overhauled to stop the super-rich from paying NOTHING says think tank tosser Mon Feb 03, 2020 4:41 pm | |
| The inheritance tax system should be overhauled and the rate slashed to make it fairer and stop the super-rich using loopholes to avoid paying altogether, the head of an influential think tank has suggested.
Paul Johnson, director of the Institute for Fiscal Studies, said that many of the nation's wealthiest were finding ways to get out of paying the current 40 per cent rate.
He backed a report from a group of MPs last week that recommended an overhaul, arguing it was now an unfair tax because it fell on the less well-off more heavily and also created an 'administrative burden'.
https://www.dailymail.co.uk/news/article-7961927/Inheritance-tax-cut-10-cent-stop-super-rich-getting-away-paying-NOTHING.html
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