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Telegraph

Top earners and entrepreneurs already fleeing Britain over tax raids

Telegraph
Summary
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66% Informative

Wealthy individuals and entrepreneurs are already fleeing Britain as fears grow over a raft of tax rises in Rachel Reeves’s first Budget .

Experts warn that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax ( CGT ) Italy , the United Arab Emirates (UAE) and Switzerland are among the most popular destinations.

Fears of a tax raid among Britons who own businesses, property and other assets have intensified over the summer .

Gains made from selling a business are currently taxed at 20pc but many investors are concerned that Labour will seek to equalise these rates with income tax.

Entrepreneurs have started to draw up emergency plans to quickly take money off the table before any tax increase hits.

VR Score

72

Informative language

73

Neutral language

46

Article tone

semi-formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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