London, United Kingdom – Palace of Westminster (Houses of Parliament) with Big Ben clock tower. UNESCO World Heritage Site. Photo: Marek SLUSARCZYK/Adobe Stock Britain's Labour Party Manifesto: 5 Crucial Insights From Lawyers
"Private equity is the only industry where performance-related pay is treated as capital gains. Labour will close this loophole," - 2024 manifesto.
June 13, 2024 at 11:45 AM
5 minute read
Britain's Labour Party released its long-awaited manifesto today ahead of the July 4 election with promises to increase tax on private equity earnings and abolish 'non-dom' status for UK residents whose permanent domicile is outside the UK for tax purposes. The changes are aimed at increasing funds in government coffers and balancing spending plans.
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