Tax loopholes for the rich and powerful

In 1987 representatives of the private equity industry lobbied the Inland Revenue to reduced their tax bills. This was successful and they now pay 28% instead of 47%.

Yet another example of a loophole for the rich and powerful.

The Good Law Project has a petition against this and is also crowdfunding in order to legally challenge HMRC.

Here's a link to the petition:

actions.goodlawproject.org/private_equity?utm_campaign=NBprivateequitylaunch050623&utm_source=NB&utm_medium=email