Paul Nowak: Here’s how we can change our tax system to ensure the rich pay a fairer share
‘Those earning the most in our society should be paying a fairer share.’
‘Those earning the most in our society should be paying a fairer share.’
On the money he made, Sunak paid income tax and capital gains tax totalling £1,053,060.
“From the party chair sacked over his tax affairs to the party treasurer who took part in a tax avoidance scheme, Sunak is drowning in a swamp of sleaze.”
“The eye-watering £42bn now owed to HMRC in unpaid taxes would have filled a lot of this year’s infamous public spending black hole”
While the Tories have been busy telling us that they can’t afford to invest more in public services, it’s emerged that a fall in tax investigations carried out by HMRC has cost the government £9 billion. The FT reports: “HMRCtest
‘Neoliberals have long persuaded people to believe that the law offers justice and fairness, but they rarely talk about how laws are shaped by wealth and power’
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‘UK residents had £850bn in financial accounts overseas — of which £570bn was based in tax havens — in 2019, the latest year HMRC has released statistics for.’
Tax campaigners have been quick to point out that non-dom status is a choice individuals make rather than something that is automatically conferred as a result of nationality.
‘The UK tax system is regressive. It penalises workers, pensioners and their families. It rewards speculators and rentiers. It favours financial speculation over the hard graft of work’