IFS: Equalising capital gains tax with income tax may cost revenue despite £11.3bn forecast

Compass wants capital gains tax (tax on investment profits) brought in line with income tax rates, projecting £11.3bn extra yearly. The Institute for Fiscal Studies warns wealthy individuals could shift money offshore or leave the UK, actually reducing revenue. The dispute looms over Chancellor John Healey's first autumn budget, where behavioural responses to tax hikes take centre stage.