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Rishi Sunak's post-Brexit dream of tax-free zones about to become reality

| UPDATED: 09:48, Wed, Mar 3, 2021
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Rishi Sunak urged not to hammer businesses by Mullins
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Five years ago, backbench MP Rishi Sunak wrote a report for the Centre For Policy Studies extolling the virtues of freeports with ideological zeal. He claimed they would unleash the potential in our proud historic ports, boosting and regenerating communities across the UK . Today, Mr Sunak is Chancellor and his dream for Britain is about to become reality. ....

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Budget 2021: Sunak's business tax 'super deduction' which could reduce bill by 130% | Politics | News

RISHI SUNAK has announced companies will be eligible for a 130 percent super deduction on capital invested, in a bold move to help firms get back on their feet. ....

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Keir Starmer sparks Red Wall outrage after 'shameful' remarks | Politics | News

| UPDATED: 16:19, Thu, Mar 4, 2021
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The Chancellor s announcement, part of Boris Johnson s promised levelling up programme, was widely welcomed by leaders in the North East of England. But Sir Keir has sparked outrage in the region with remarks that appeared to disparage the town which had been a Labour stronghold for 27 years until the party s Red Wall meltdown in December 2019. ....

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Sunak lambasted as £30bn hikes bury UK further under 'highest tax burden in 70 years' | UK | News

| UPDATED: 09:58, Thu, Mar 4, 2021
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Rishi Sunak grilled on being Chancellor with highest tax burden
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The long-waited spring Budget, the first since the first coronavirus lockdown nearly a year ago, saw the Chancellor extend the furlough scheme and Universal Credit increase as part of a £65 billion lifeline for the economy as it emerges from the pandemic. But taxes on business profits are set to be hiked from 2023, whole income tax thresholds will be frozen, meaning more people will be forced into paying back into the already-stretched coffe ....

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Inheritance Tax changes: Chancellor Rishi Sunak walking 'tax tightrope' to balance Budget | Personal Finance | Finance

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Camilla Bishop, Partner at law firm DMH Stallard, said: “It is highly unlikely that the Chancellor will overhaul the Inheritance Tax regime on Wednesday.
“IHT is complex and the potential ramifications mean any changes need to be carefully thought through – something the Government just has not had time to do in recent months.
“The recommendations in the All Parties Parliamentary Report of January 2020 were radical with the introduction of a ‘gift tax’ and dispensing with Capital Gains Tax uplift on death.
“Such changes would mean it is virtually impossible to pass on wealth without suffering tax.
Inheritance Tax changes: There’s usually no Inheritance Tax to pay on small gifts made out of normal income (Image: GETTY) ....

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