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UK Chancellor Backtracks On Dividend Tax Cut Measures

The new British Chancellor, Jeremy Hunt, has scrapped his predecessor’s plans to reduce the tax paid on dividends. In his mini-budget at the end of September, Kwasi Kwarteng announced that he would be rolling back Rishi Sunak’s plans to increase the basic rate of tax paid on dividends from 7.5% to 8.75%. A news report […]