21 February 2014

Surprise, surprise

I think that we are supposed to feel sympathy with rich Londoners.  CityAM reports:
LONDON and the south east of England are forking out 50 per cent of Britain’s inheritance tax bills, fuelling fears that the levy has turned into yet another tax on the capital.
Londoners alone shell out as much inheritance tax as the north east, north west, east midlands and west midlands, Scotland, Wales and Northern Ireland put together.
London and the south east contributed half of the country’s £2.6bn in the 2010-2011 financial year, paying £1.3bn to the Treasury, according to figures revealed this morning by analysis of official tax data by Prudential.
Well, who would have thunk it?  A wealth tax hits hardest on the wealthy ...

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