What are the wealthy to do?
March 25th, 2008
According to Wealth Briefing:
A shortage of top-class client relationship managers in the world’s wealth management industry threatens to undermine its efforts to keep up with demand, according to a survey by PriceWaterhouseCoopers, the accountants and consultants.
No wonder Gordon Brown wants to teach entrepreneurship in the UK’s primary schools.
The problem is that Brown wants to teach it but then also to tax it and strangle it at birth.
James
Do you really think it’s as simple as that?
Richard
I think the view may be oversimplistic but it is how I feel things are structured in this country. There certainly is an ever increasing burden of tax on the businessman and the recent changes to tax rates to try to trap people who work as hourly paid contractors through limited companies will simply increase the tax burden for entrepreneurs.
It is probably more an unintended consequence than a deliberate attempt but the end result is the same.