Britain must lead in providing Ukraine with military support and potentially military presence to give Ukraine confidence that any peace will endure.
The government has my support if thatโs what it decides to do.
Let's be clear on this: That man wasn't arrested for burning a book. He was arrested for the violent backlash it could trigger. More worryingly, he was arrested because NOT doing so could also trigger a violent backlash.
What a terrifying position for our country to be in.
Taxing unrealized gains is bonkers.
But accruing tax on unrealized gains makes a lot of sense.
I built @monzo when I lived in the UK and accrued a lot of (paper) gains during that time.
I now live in California and will pay US & California capital gain (38% ๐คฆโโ๏ธ) if I sell shares. But I wonโt pay anything in the UK.
If Nik from Revolut sells shares as a Dubai tax resident, he will pay 0% capital gains.
I feel like we both benefited enormously from the UK and we have a duty to give back.
Entrepreneurs should be required to keep a record of their tax residence and the fair market value of their shareholding each year, and then pay capital gains proportionately when they sell.
The US solves this by taxing their citizensโ worldwide income, regardless of residence.