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video UK · 8 August 2024

Why you can tax billionaires more and they won't leave

This video argues that taxing billionaires more is feasible because their wealth is tied to immovable assets like property and businesses within the UK, not easily transportable cash. The speaker uses the example of sanctioning Russian oligarchs, whose UK-based assets remained taxable despite their personal circumstances, to illustrate that the wealth itself cannot simply "leave" the country.

By Gary Stevenson

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