10 ways we could make the tax system more progressive
We need to improve tax policy to reduce inequalities and increase social investment
We need to improve tax policy to reduce inequalities and increase social investment
‘Those earning the most in our society should be paying a fairer share.’
The system is loaded against workers
The Institute for Fiscal Studies (IFS) also dismissed claims that ending tax breaks for private schools would lead to a mass exodus from the sector
People can pass on estates of up to £1 million to their spouse or civil partner without paying any inheritance tax.
With the cost of corruption put at 5% of global GDP annually, this is a global scourge
On the money he made, Sunak paid income tax and capital gains tax totalling £1,053,060.
Billions of pounds won’t be recovered by the tax authority at a time when the government insists that it doesn’t have the money to give hard-pressed public sector workers pay rises.
“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”