Capital gains tax receipts fall after big cuts in allowances
https://www.ft.com/content/8d8e1848-5a24-49a1-a695-2800345ff425
🇬🇧 The recent capital gains tax increase in the UK was expected to bring additional tax revenue.
Instead, high-net-worth individuals and families are leaving the country leading to an 18% fall in net capital gains tax revenue. A £2.7b loss.
Welcome to the Laffer curve, suckers.
https://x.com/alexrecouso/status/1949043740586225927?s=46