IFS warns capital gains tax equalisation could cut revenue despite £11.3bn projection

Compass proposes equalising capital gains tax with income tax rates, projected to raise £11.3bn annually. The Institute for Fiscal Studies counters that the change could lower total revenue by pushing wealthy individuals to move money offshore or leave the UK. The clash surfaces ahead of Chancellor John Healey's first autumn budget, where the behavioural cost of tax rises will be central.