‘Bonkers’ founders’ relief criticised over rules that could punish startup growth

City AM ·
Economy Personal Finance United Kingdom

John Healey’s flagship tax break for entrepreneurs has been branded “bonkers” by leading economists, who warn its restrictive rules could punish startup growth and encourage founders to make decisions that damage productivity. The new Founders’ Relief offers a 10 per cent capital gains tax rate on up to £10m of lifetime gains, but its complex [...]

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