Tories leave open tax loophole for the mega-rich - Investigations
by Nick Sommerlad
Chancellor George Osborne had promised to completion the hopeless tax pretext that let millionaire hedge savings managers pay downgrade tax than their cleaners.
By declaring their proceeds as "profits" from investments they've been paying 18 per cent extraordinary gains tax in lieu of of 40 per cent return tax for the last twosome of years.
With the top regardless of takings tax rising to 50 per cent this year there was a unspoilt protection for upping wealth gains tax for the very well off to the same elevation.
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