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    Many reasons Peter.

    I'd make all taxes a fixed rate of 20%, income, VAT, CGT, IHT, corporation, we'd save a fortune in evasion and red tape. Subject to your £10k of course

    IHT has always been a missed trick for me, tax all inheritance at 20%, its unearned income. When you bequeath me £100k ( ) I'll be very happy to send Mr Osborne £20k of it.

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