<ul><li>Lisa Gordon, chair of investment bank Cavendish, has proposed the introduction of taxes on cryptocurrency purchases in the UK while reducing taxes on equities to encourage local stock investment.</li><li>Gordon believes that a tax on crypto purchases would incentivize younger Britons to invest in domestic stocks and promote the growth of the country's capital markets.</li><li>Currently, UK investors pay a 0.5% stamp duty on shares listed on the London Stock Exchange, generating approximately £3 billion in tax revenue annually.</li><li>Gordon considers cryptocurrencies as 'non-productive assets' and advocates for the promotion of equities, stating that they provide growth capital to companies and contribute to economic growth.</li></ul>

UK Should Tax Crypto To Encourage Local Stock Investment, Says Cavendish Chair

Discover more