"However, despite the high-tax climate, the North Sea oil and gas industry will face other challenges in 2024, preventing investments necessary for the region’s energy security," said Don Valentine, commercial director at consultancy firm Absoft.

Source: https://www.insider.co.uk/news/whats-store-scottish-economy-2024-31666002

It suggests the UK is an increasingly high-tax country among the 38 OECD nations – moving up from 21st to 16th in the rankings.

Source: https://www.dailymail.co.uk/news/article-12848179/Tax-levels-UK-soar-record-high-pressure-grows-Rishi-Sunak-Tory-MPs.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

The deductions largely benefit wealthy people in high-tax blue states.

Source: https://gazette.com/news/wex/republican-salt-backers-split-on-how-far-to-go-on-blue-state-tax-deductions/article_1960de7d-47be-5a57-a4b9-749ce3f3bd67.html

Then why does a new Internal Revenue Service report show an accelerating taxpayer exodus from Illinois and other high-tax states?

Source: https://biztoc.com/x/701fee7de5c47cc6?ref=ff