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Old 22.04.2020, 14:46
greenmount greenmount is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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As UK residents they will be liable to UK income tax on worldwide income & gains, trust fund kids receive their income as income that is fully taxable.
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The thing about trust funds kids is that their money don't come out of nowhere. There's an entire infrastructure to make those profits possible. If you're looking at taxation from this pov, then they are indeed taxed too little. It's a universal problem not necessarily country specific. While a low taxes system might encourage entrepreneurship as a rule, and I guess we all know it, it's always a difficult job to determine how much we should tax wealth in general.
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