2% tax on UK rich list families ‘could raise £22bn a year’

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2% tax on UK rich list families ‘could raise £22bn a year’ - short news

Campaigners for tax reform say similar levies in Europe have helped to reduce inequality

A modest wealth tax on the richest 350 families in the UK could raise more than £20bn a year – enough to fund the construction of 145,000 new affordable homes a year – according to research by fairer taxation campaigners.

A 2% tax on assets above £10m held by all members of the Sunday Times rich list could raise as much as £22bn, according to analysis by Tax Justice UK, the..

Read more on The Guardian

source: The Guardian - 29.05.2023