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Hike in capital gains tax will spark tech exodus from UK, investor says

The Guardian

Tech entrepreneurs will leave the UK "en masse" if the chancellor announces a significant increase in capital gains tax at this month's budget, according to a leading industry investor. Harry Stebbings, a British podcaster turned investor who raised a 400m ( 310m) fund this week, said the UK was "a bad place to do business" because of its tax environment. The Guardian reported last week that the chancellor, Rachel Reeves, was considering raising capital gains tax (CGT) to between 33% and 39% in the budget on 30 October. Stebbings said plans to scrap the non-dom tax regime had also sent a negative signal but an increase in CGT – which is levied on the sale of assets such as shares and second homes – would pose the most serious concern to entrepreneurs. "The stance on capital gains tax is by far the biggest [issue]," he told the Guardian.


MyNorthwest.com - Seattle news, sports, weather, traffic, talk

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Seattle's financial future is brighter than originally predicted, having taken a positive turn over the last five months according to a new budget forecast. Rantz: Sword, meth, trash remain as School Board refuses to sweep tents 44 minutes ago Sound Transit's dilemma: What to delay, cut, or scale with $11.5 billion hole 23 minutes ago Wyman: New voting law would'force us to make changes' in Washington 40 minutes ago Ross: Artificial intelligence is coming, like it or not 12 minutes ago Over 19,000 complaints against SPD from 2020 COVID updates: King County launches in-home vaccination program 25 minutes ago Sound Transit's dilemma: What to delay, cut, or scale with $11.5 billion hole 23 minutes ago Wyman: New voting law would'force us to make changes' in Washington 40 minutes ago What Aldon Smith's charge could mean for his Seahawks future Auburn considers tightening rules for homeless camping Six Seattle mayoral candidates lead the fundraising race What Aldon Smith's charge could mean for his Seahawks future What Aldon Smith's charge could mean for his Seahawks future Dave Ross Ross: Artificial intelligence is coming for cars, like it or not Artificial intelligence is coming, like it or not. Cornell philosophy professor Shaun Nichols even predicts you'll be able to select your driving algorithm. Chokepoints Sound Transit's dilemma: What to delay, cut, or scale with $11.5 billion hole With an $11.5 billion budget hole, the Sound Transit board has to make tough choices of cutting projects, delaying projects, and ways to make up the gap. Jason Rantz Rantz: Sword, meth, and trash remain as School Board refuses to sweep encampment A growing encampment that threatens student and staff safety at Seattle's Broadview-Thompson K-8 remains in place.


Mansion Global Daily: Virtual Reality Real Estate, Sydney's Booming Auctions and More

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Whether you're looking at property long-distance or purchasing a yet-to-be-built custom home or condo, virtual reality comes close to providing the see-it-in-person experience. The turnkey property on a double lot above the Sunset Strip is owned by designer Jean-Louis Deniot. For a New York City Development Executive, Luxury is About Time … Gorgeous Views Don't Hurt Miriam Harris, a lifelong New Yorker, on what is important to buyers now. Sydney, Australia, Auction Clearance Rate Hits Over 80% This Weekend The auction clearance rate in Sydney rose 75% week-over-week to reach 81.4%, according to CoreLogic. Over 1,000 properties went to auction in Sydney last week with a median house price of A$1.465 million (US$958,480).


Are Robots An Employment Problem Or An Income Problem?

#artificialintelligence

I want to leave aside for this post about robots the question of whether or not they will take all of our jobs. Instead, I want to focus on what kind of a problem that will be. Employment question: Can we find fulfilling ways to spend our time? Income question: Can we find a stable and fair distribution of income? This is a good way to think about it. I am confident that we can find fulfilling ways to spend our time.