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No more trust funds abroad for British residents

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Nigel Farage, Leader of the UK Independence Party, is the latest rich individual to be accused of setting up a Trust Fund abroad (in the Isle of Man) to avoid his tax obligations. Coming from someone running as an MP to Westminster and with tax obligations to this country, that is a bit rich. He claims it is for the benefit of his children when he dies. Vast sums of inherited wealth, millions of pounds, should not be passed down from one generation to the next. It perpetuates inequality. Ban British residents from doing such things and ban them from voting.


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