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Two views of the rich's response to the potential increase in capital gains tax...

Nimesh Shah, tax advisor to the wealth: 'Every entrepreneur is talking about whether to move overseas...Some have done it already';

Graham Hobson, founder of Photobox: '[I'd] love to see capital gains tax rates aligned with income tax...I am a rich person & I will not leave — as many others won’t'!

So mass exodus or a few marginal migrations.... take your pick!

#tax #wealth #politics
h/t FT