FOUNDERS AND INVESTORS SLAM UK “EXIT TAX”

Summary from the TLDR Founders newsletter

The UK government is considering a 20% “exit tax” on founders who build businesses in Britain but move abroad to avoid taxes. More than 150 entrepreneurs and investors - behind companies like Beamery, Cleo, and funds including Dawn Capital and 20VC - have pushed back, warning it would punish success and drive talent out. They say Britain already feels less competitive after capital gains hikes, and another tax like this could be the final push for many to leave.