Government Wealth Surveillance: HMRC Asset Letters & EU Inheritance Tax
HMRC is quietly demanding wealthy individuals disclose their assets (not just income), while data shows France alone collects nearly half of all EU inheritance and gift tax revenue.
What we know
An account on X reveals HMRC's Wealthy Team is targeting individuals with £200k+ income or significant assets with letters asking for full asset disclosure — a step beyond standard tax inquiries. Separately, another account on X highlights France's outsized share (~50%) of all EU estate and donation taxes, underscoring growing European state interest in private wealth.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.