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tax regimeCNBC
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79% Informative
Britain 's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget.
Finance Minister Rachel Reeves last week confirmed the end of the U.K. 's non-dom regime and broadened inheritance tax to worldwide assets.
Many wealthy individuals say they have now become targets and are making good on their pre-budget pledges to leave the UK .
FIFB chief executive Leslie Macleod Miller slammed the government's plans as sparking "economic mire" Other measures aimed at the wealthy include stamp duty on the purchase of second homes and VAT on private school fees.
Private equity managers will now pay a higher rate of capital gains tax ( CGT ) on carried interest.
VR Score
86
Informative language
88
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46
Article tone
semi-formal
Language
English
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56
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short-lived
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1
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