"There's a major assumption at play here - that people will simply accept being pushed into higher brackets without taking action,"
Labour's projected £8.9bn revenue from new taxes may fall short as many British professionals and entrepreneurs consider relocating to lower-tax countries. deVere Group highlights rising numbers seeking tax-friendly jurisdictions, as a forecast by Liberal Democrats shows 1.9 million workers facing higher taxes due to frozen thresholds. CEO Nigel Green emphasizes that individuals are taking action rather than passively accepting higher tax burdens, with many exploring options in countries like Italy, Portugal, Switzerland, and Dubai, which offer more favorable tax conditions amidst increasing living costs in the UK.
Read at London Business News | Londonlovesbusiness.com
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