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Burnham warned against ‘stupid’ capital gains tax decision

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NEWSDECK ANALYSIS
The capital gains tax is a levy on the profit made from the sale of certain assets, such as stocks, property, and businesses. Equalising capital gains tax with income tax has been a topic of discussion among policymakers, with proponents arguing it could increase revenue and reduce inequality. The warning from Tony Blair's institute highlights concerns that such a move could have unintended consequences for the economy, particularly for innovation and entrepreneurship.
This story is currently only covered by 2 sources from a limited part of the political spectrum. NewsDeck will update this page automatically if other outlets pick up the story.
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The Independent
Burnham warned against ‘stupid’ capital gains tax decision
Lord O’Neill said Mr Burnham had done a ‘great job so far’ as Prime Minister in creating a more positive atmosphere
29 Aug, 07:42
Evening Standard
Blair’s think tank warns Burnham against capital gains tax hike
Labour former prime minister Sir Tony Blair’s institute said equalising the levy with income tax would hurt innovation.
4 Jul, 23:01
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