Rishi Sunak's capital gains tax review may usher in higher taxes on wealthy

Chancellor’s directive to focus on how people escape CGT ‘feels like starting pistol for a tax grab’, says analyst

Wealthy households could be in line for tax rises to claw back the cost of extra spending during the coronavirus pandemic, after the government called for a wide-ranging review of capital gains tax.

Rishi Sunak surprised backbench Tory MPs after he ordered the examination of the main tax on asset sales, which reaps billions of pounds for the exchequer each year on the sale of second homes, works of art and stocks and shares.

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Ethereum Price Prediction: After Touching the Low of $236, ETH/USD Pulls Back To $240

ETH Price Prediction – July 14

Ethereum (ETH) breaks above $240; a stronger retest of previous resistance is expected.

ETH/USD Market

Key Levels:

Resistance levels: $260, $270, $280

Support levels: $220, $210, $200

ETHUSD – Daily Chart

At the time of writing, despite the downside correction, ETH/USD is still nearly 0.51{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} higher on a day-to-day basis. At the moment, Ethereum (ETH) is trading at $240.65 while testing a 9-day moving average. However, the value of the crypto is growing slowly after opening the session at $238.86 today.

However, the initial support is created below the lower boundary of the channel at $232. Once this is eliminated, the sell-off may increase with the next focus on the $225 level. If this support level drops, the downward momentum could begin to snowball and the next downside target to $220, $210, and $200.

Moreover, as the daily chart reveals, the bulls must realize … Read more