The Story The controversial money fuelling Britain
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Jan 27, 2025 Robert Watts, a journalist at The Sunday Times and compiler of the annual Tax List, discusses the intriguing world of Britain’s top taxpayers. He reveals a surprising mix of sectors fueling the economy, from gambling families to culture icons. Explore the dark side of wealth disparities and the complexities of tax contributions. Watts delves into the impact of new inheritance tax changes on family businesses, and shares inspiring stories of self-made entrepreneurs transforming modest ventures into global successes.
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Business Tax Inclusion
- The tax list includes taxes paid by businesses owned by individuals, proportionate to their ownership.
- This approach recognizes that business owners influence tax strategies and can choose to pay more.
Decreased Tax Take
- This year's tax list shows a decrease in the total tax take, falling below £5 billion.
- This is attributed to a slower economy and the absence of a one-off payment from Bernie Eccleston last year.
Gambling's Dominance
- Gambling dominates the tax list, with Bet365's Denise Coates and her family consistently ranking high.
- Coates' large salary contributes significantly to their tax bill, and they also pay gambling-specific levies.