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Unsurprisingly Private Equity firms are lobbying Rachel Reeves not to increase the tax on 'carried interest' (how PE partners are often paid) by shifting from treating it as a capital gain, to treating it as income (albeit with some concessions on rates of tax & NI).

As some of PE executives are already being hit by shifts in inheritance tax & Non Dom tax treatment, they're claiming they won't come to/stay in the UK.

Good; we have have enough rapacious rentiers already!

#politics
h/t FT