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fromwww.theguardian.com
5 months ago

Have Reeves and Starmer missed the chance to ditch stealth taxes? | Phillip Inman

Stamp duty is a way to siphon off some of the gains when a property transaction goes through. Capital gains tax allows the state to take a slice of wealth after a sale. Never mind that both taxes deter people from buying and selling. It allows everyone to avoid the clearer, fairer annual tax on wealth that many economists support.
UK politics
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