Taxation
It’s time for the UK to introduce a wealth tax
There are now a record 177 billionaires in the UK. A wealth tax is a necessary step for reducing inequalities and building a society that enables everyone to live a fulfilling life
UK tax authority admits it’s clueless about how much tax is being evaded through offshore assets
'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.'
Prof Prem Sikka: Tax legislation in the UK benefits the interests of the rich
'UK governments are dressed-up in the garbs of democracy, but continue to privilege the interests of wealthy elites and footloose capital.'
The UK’s tax system is regressive, rewards the wealthy and is in urgent need of reform
'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'
Even Tory think tanks are urging Rishi Sunak to shift the burden of tax from work to wealth
Prime minister Boris Johnson and chancellor Rishi Sunak confirmed in the Sunday Times that the NI rise would go ahead in April.
EXCLUSIVE: Majority of voters support a wealth tax, poll finds
A majority of voters across both Labour and Conservative support a wealth tax