Wealth Taxes By Another Name: How the UK's Budget Could Be a Hidden Attack on Your Savings!
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Navigating the UK's upcoming budget and its potential impact on wealth, this video dives into the different ways countries tax their wealthiest citizens. We'll explore the ongoing debate in the UK, where proposals for new taxes on high-value assets are being discussed. We'll also examine the systems in other nations, such as France's "Impôt sur la Fortune Immobilière" (IFI), which focuses specifically on real estate, and Cyprus, which has no wealth or inheritance tax but does have a General Health System (GHS) contribution that applies to various forms of income.
Learn how different approaches to wealth taxation could affect individuals, and what the UK might learn from its European neighbors as it seeks to address its budget challenges.
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