Tax loopholes for the rich and powerful

(3 Posts)

choughdancer Tue 06-Jun-23 15:06:54

signed and shared

Grany Tue 06-Jun-23 12:39:17

This should include Charles and William who dont pay capital gains tax on vast profits of the duchy of Cornwall and pocket over £20 million each the two duchies, should go to treasury. Only pay tax voluntarily. No inheritance tax. Money in tax havens

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Dinahmo Tue 06-Jun-23 11:57:39

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