The UK government's latest budget has sparked concerns among tech entrepreneurs and investors that higher taxes could make it harder for Britain to become a hub for global tech companies. The budget includes plans to increase capital gains tax, which could impact the sale of assets by startups and early-stage businesses. Some experts believe this could deter investment in the UK and make it more difficult for the next Nvidia to be built here.
Multiple perspectives on the matter include:
* Haakon Overli, co-founder of Dawn Capital, who argues that higher taxes could make it harder for the next big tech company to emerge in the UK.
* Anne Glover, CEO of Amadeus Capital, who welcomes the government's willingness to listen to concerns from investors and business leaders.
Source: https://www.cnbc.com/2024/11/01/uk-bid-to-take-global-tech-crown-in-doubt-after-budget.html