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i) We don't.
ii) it';s not covered by normal tax and he'd be so covered by tax loopholes and exemptions he'd never pay a penny. As Lord Vestey once said "in the UK, once you're out of PAYE (earned income tax rates) paying tax is entirely voluntary.
Our lords and masters have, for decades, created a tax system where the rich pay next to nothing. Labour have never challenged these cosy little arrangements, even when they were mistaken for a left wing party keep to the Fen Causeway
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