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One-off 1% wealth tax proposed to cover costs of Covid-crisis in the U.K.

One-off 1% wealth tax proposed to cover costs of Covid-crisis in the U.K.

The Wealth Tax Commission, consisting of leading tax experts and economists from the London School of Economics and Warwick University, has released a report that recommends a one-time tax on households that hold assets in excess of £1 million ($1.34 million). The 1% wealth tax would be collected over a 5-year period and would raise up to £260 billion ($347 billion).

ronnie massart
ronnie massart 2 months

They'll just move you F-ing idiots.....I certainly would. The place us nothing like it was anyways

Cormac 1 months

A wealth tax should be used to create a permanent UBI

Zachary 1 months

“One off” uh huh. And 14 days to flatten the curve.

Glen 2 months

There is no legitimate crisis? Why not have 1% tax for any purpose? I am glad my ancestors had the good sense to leave Britain.

Given Name 123
Given Name 123 2 months

Dors this include the government... is BoJo also paying...

Jon 2 months

Irish companies don't pay much in taxes to yhe UK.

Delterra 2 months

I love using the power of the majority to democratically take back from the richest people oppressing everyone else, as an anarchist I support this decision

Slevin Kelevra
Slevin Kelevra 2 months

The summary should start off "Coming soon to a democrat-run state near you." Democrats have never met a tax they didnt love.

Fast Eddy
Fast Eddy 1 months

A wealth tax is not an income tax. A wealth tax would force people to sell assets in order to pay the tax with cash. It’s just a veiled attempt at reappropriating personally owned resources.

Mutatis 2 months

They are fooling themselves if they believe it would only happen once.

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