A UK headline wealth tax? It may be simpler to put up existing taxes

Amid party divisions and issues with data, pulling existing tax levers could be a more politically palatable optionPressure to go further on wealth taxes – by creating new modes of clawing at hoards of hard-to-reach cash – is mounting.For starters, the fiscal picture is looking fairly bleak, with economists estimating that Rachel Reeves must raise £20bn – or even as much as £50bn – to meet her goal of balancing day-to-day spending against the revenue raised from taxation. Continue reading...

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