Accountancy Age covered the Inheritance Tax issue whilst I was offline. I note they say that there is an increasing body of opinion mounting against the tax, and that I seem to be the sole voice they could find in favour.
Well, there are occassions when it is good to stand out from the crowd. This is one of them.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
An increasing body of opinion of those who have capital to leave to others, I dare say, is against Inheritance Tax, greedy and selfish as they are for their families. No surprise there! But has Accountancy age consulted all those whose children will not inherit anything unless action is taken to redistribute the receipt of unearned capital in each new generation?
The power of the middle, upper, media and political classes in favour of those who have and against those who have not is very regrettable and dangerous for the long term stanbility of our country – as the ownership of wealth becomes ever more unequal.
There are too many unhelpful blinkers being worn by those whom Accountancy Age consults, it seems.
Or am I being unfair, and are they rooting for reform rather than abolition?