In just over a week Americans will take to the polls and we will hopefully find out who will be leading the US as President for the next four years. While much of the campaign has been dominated by Covid-19 policies, racial inequalities and the Supreme Court, the impact of the candidates’ tax policies cannot be underestimated for private clients.

At a time where asset values have been depressed due to the pandemic and interest rates are at historic lows, all eyes will be on how the candidates handle the budget. While it is largely still unspoken, the question of how we will pay for all the Covid-19 measures has to be considered...