Rishi Sunak warned not to copy America and double taxes
Rishi Sunak warned not to copy America and double taxes American high earners will see some tax rates double under President Biden's proposals President Biden proposed his tax changes to Congress this week Credit: MELINA MARA/ AFP American President Joe Biden’s plans to nearly double capital gains tax for the wealthy have prompted campaign groups to warn Britain must not follow his lead and implement a similar policy. Mr Biden has proposed hiking tax on capital gains and dividends from 20pc to 39.6pc for those earning $1m (£720,000) or more. This could raise £370bn over 10 years, acc...