Actually, it looks like the UK is now using two rates for capital gains, 18% for lower income and 28% for the rest which would include anyone really making much money. They also allow for the first 5,300 pounds to be exempt from all capital gains.
So while still not income, it looks like the UK is taxing carried interest at a much higher rate than the US. According to your article this should result in the UK suffering some real economic damage...More specifically your article said:
Quote:
In today’s global economy, countries have to compete for the capital they need to grow.
Raising tax rates on long-term capital gains of US partnerships would hang a “not
welcome here,” sign on our door.
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Although, as usual reality has a counter opinion...
Global Financial Centres Index - Wikipedia, the free encyclopedia
-spence