UK tech entrepreneurs and investors are warning that proposed tax changes could lead to a mass exodus from the industry. The UK government is reportedly planning to increase capital gains tax on share sales, which could see rates jump to 39%. This has sparked concerns among tech leaders, including co-founder of digital bank Zopa Giles Andrews, CEO of financing platform OakNorth Rishi Khosla, and boss of AI firm Synthesia Victor Riparbelli. They argue that higher taxes would make the UK a less attractive place for entrepreneurs to build businesses.

Source: https://www.wionews.com/business-economy/britain-faces-warnings-of-a-tech-exodus-over-tax-plans-ahead-of-high-stakes-budget-769608