Different perspective from the UK
I have worked in the Netherlands where they DO tax your savings (except if towards a pension)
so:
- If you have a bank account they ASSUME you get 4% return, and then want 30% of that (i.e 1.2%) EVEN if you don't get 1.2% interest on it.
- If you own a house outright they want to tax an hypothetical return that you would get by renting it out. Our tax advice was never to pay off a mortgage, since keeping one we would not own the house and could get mortgage relief on earnings or pensions
The game is totally different for corporations & multinationals.
I am just pointing out that some governments think otherwise about savings.