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Majority of Britain’s millionaires are willing to pay more tax, report finds

The Independent·Harriette Boucher·20 days ago
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The majority of Britain’s millionaires are willing to pay higher taxes in order to help improve the UK , new research claims. A survey of more than 500 millionaires, defined as those who have assets worth more at least £1 million, found that 79 per cent would pay higher taxes if it created more opportunities for young people, while 64 per cent believe that the government should increase taxes on the wealthiest in order to cut them for everyone else. The figures, from millionaire network Patriotic Millionaires UK, come amid concerns that the country’s wealthiest are fleeing due to tax burdens. Phil White, a member of the group, said: “Millionaires like us know how lucky we are to live in the UK and, as this polling shows, we are more than happy to invest in our country’s future.” The survey also found 88 per cent were proud to live in the UK and only nine per cent were concerned about other millionaires leaving the country.…

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