James Miller

 

Wednesday, August 11, 2004

 

Inheritance Tax

Italy has now abolished it for residents!

As the tax is built like a colander, only raises £2.8bn and keeps armies of accountants and tax inspectors in unproductive work, it would be better if it was abolished totally.

After all as more countries in Europe will probably follow, we’ll have to do it eventually. So why not do it first and get the rich retirees here!

We could always replace it with a couple of pence on petrol!

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