Analysis: Higher taxes are coming and for markets, that could be a good thing

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LONDON : And so it begins: Taxes in the world's wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps close the wealth gaps the pandemic has exacerbated.Tax rises grabbed headlines recently when Brit

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LONDON : And so it begins: Taxes in the world's wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps close the wealth gaps the pandemic has exacerbated.

Yet, most investors and economists appear unperturbed and some even say targeted tax hikes that reduce burgeoning inequality will benefit markets in the longer-term. Yet"the fact that there is clearly some plan to address the huge increase in debt that we've had over the last year-and-a-half is a good thing," he said of the UK tax hike.

But there is little chance austerity will take hold as it did in Europe after 2009; capitalising on record low interest rates and central banks' money-printing programmes, governments continue to spend.

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