 
 
Lisa Gordon, Cavendish Investment Bank chair, suggests the UK government should impose taxes on crypto to boost the economy. Gordon is astounded that over half of the population’s younger citizens own crypto but not equities. Gordon believes that a crypto tax will redirect funds to local stocks and positively impact the economy.
Gordon suggests that the UK government reduce taxes on stocks while introducing taxes on crypto as a way to redirect funds from unproductive assets to productive forms of capital. She reasons that companies produce jobs and that further stock investment could boost employment.
She wants to encourage people to invest their money in shares and not spend too much on cryptocurrency. Gordon claims that crypto does not feed back into the economy and laments that over half of Brits under 45 have crypto holdings but no equity. Gordon wishes that the stock stamp duty tax be removed and replaced with a crypto tax.
According to Gordon, cryptocurrencies are nonproductive assets that do not contribute…
