The majority of millionaires (79%) would be willing to pay higher taxes to create opportunities for young people, according to research.
Surveying 501 millionaires with assets over £1m in the UK, millionaires' network Patriotic Millionaires UK also found 64% of UK millionaires believe that the government should increase taxes on the wealthiest in order to cut taxes - such as income, VAT, and National Insurance for small businesses and individuals - for everyone else. The economic fall-out of the war between the United States and Iran was also something that 61% of millionaires felt the very richest should be paying for. Three-quarters of UK millionaires claimed they would be willing to pay more tax to help "protect an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes





