Proposed increases to capital gains tax aren’t as big a threat as some suggest
Thursday 29 Apr 2021 Author: Tom Sieber
The latest tranche of Biden’s tax plan is provoking wails of protest on Wall Street. Proposals to boost capital gains tax have prompted warnings of a big market downturn in the US and already sparked some weakness in shares. The argument is that people will sell their stocks ahead of any tax increase, causing the market to crash. In turn this will have an impact on the real economy...