Tag #Inheritance Tax

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UK Inheritance Tax Expansion to Pension Death Benefits in 2027

Starting April 2027, UK inheritance tax will extend to most pension death benefits, impacting inheritance plans for many families; exceptions include spouses and dependent children under 23 or with health-related dependencies; delays in payouts are anticipated.

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52% Bias Score

Reduced Inequality
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Five Trillionaires Projected Within a Decade, Sparking Inequality Concerns

Oxfam's report projects five individuals becoming trillionaires within the next decade due to factors such as soaring stock markets and inherited wealth, highlighting the growing wealth disparity alongside persistent global poverty and the increasing political influence of billionaires.

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68% Bias Score

Reduced Inequality
dailymail.co.uk
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Musk Backs Farmers Protesting UK Inheritance Tax

British farmers, backed by Elon Musk, protested a Labour government's 20% inheritance tax on agricultural assets over £1 million, with 88 tractors in Beverley, East Yorkshire, as East Riding councillors voted 51 to 5 to oppose the tax.

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64% Bias Score

No Poverty
dailymail.co.uk
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UK Inheritance Tax Receipts Hit Record High

UK inheritance tax receipts totaled £5.7 billion from April to November 2024, a £600 million increase year-on-year, driven by rising house prices, a frozen tax threshold, and recent government policy changes; this contributed to a £15 billion rise in overall tax receipts.

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40% Bias Score

Reduced Inequality
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UK Farmers Stage Major Protest Against Inheritance Tax

UK farmers held a large-scale protest in London against a new inheritance tax on family farms, causing major traffic disruption and expressing fears about the policy's impact on rural communities and food security; several farmers spoke of colleagues committing suicide as a result of the policy.

Progress

60% Bias Score

No Poverty
lexpress.fr
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British Farmers Protest Inheritance Tax

Thousands of British farmers protested in London against a new inheritance tax on farms valued over £3 million, which will affect roughly 500 farms and comes as farmers struggle with labor shortages and funding deficits post-Brexit.

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48% Bias Score

No Poverty
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UK Farmers Protest Inheritance Tax Reforms

UK farmers protested inheritance tax reforms on Saturday, using tractors in town centers across the UK, claiming the reforms will decimate the agricultural sector and potentially cause food shortages, while the government cites £5 billion investment in farming and reduced tax rates for farms.

Progress

40% Bias Score

Zero Hunger
cnn.com
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Five Trillionaires Predicted by 2034: Oxfam Highlights Extreme Wealth Inequality

Oxfam's new report reveals that five individuals are projected to become trillionaires in the next decade, highlighting extreme wealth concentration amid persistent global poverty, exacerbated by inheritance and political influence.

Progress

64% Bias Score

Reduced Inequality
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UK Budget Measures Threaten Family-Run Construction Firms

The Construction Plant-hire Association (CPA) warns that the UK government's budget will "fatally undermine" family-run construction companies due to changes in Business Property Relief and Inheritance Tax, impacting investment, hiring, and expansion plans, and potentially jeopardizing the governmen...

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48% Bias Score

Decent Work and Economic Growth
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Badenoch Backs Flat Tax, Pending Economic Restructuring

Conservative Party leader Kemi Badenoch advocates for a flat income tax rate in the UK, stating it is an \"attractive idea\" that would require significant economic restructuring before implementation, despite the fact that most developed countries use a graduated tax system.

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52% Bias Score

Reduced Inequality
dailymail.co.uk
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UK Food Security Report Highlights Climate Change Risks

A UK government report reveals climate change, biodiversity loss, and water insecurity pose pressing risks to Britain's food security, impacting domestic production and highlighting a decline in food-secure households from 92 percent in 2020 to 90 percent in 2023; the UK is 75 percent self-sufficien...

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40% Bias Score

Zero Hunger
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UK Farmers Protest Inheritance Tax Changes, Threatening Family Farms

Farmers across the UK are protesting inheritance tax changes announced in October's budget, claiming the policy threatens the viability of family farms and calling for government consultations. The government insists the changes will only affect a small minority, but farmers fear increased land pric...

Progress

52% Bias Score

No Poverty