Hike in capital gains tax will spark tech exodus from UK, investor says
by Dan Milmo Global technology editor from on (#6RJBW)
Harry Stebbings says tax rules make Britain a bad place to do business' as he warns of entrepreneurs leaving
Tech entrepreneurs will leave the UK en masse" if the chancellor announces a significant increase in capital gains tax at this month's budget, according to a leading industry investor.
Harry Stebbings, a British podcaster turned investor who raised a $400m (310m) fund this week, said the UK was a bad place to do business" because of its tax environment.
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