The Wealth Tax Commission was established in Spring 2020 to provide in-depth analysis of proposals for a UK wealth tax, for the first time in almost half a century.
This Commission studied whether a UK wealth tax is desirable and deliverable. To do this we worked with a network of world-leading experts, including economists, lawyers and accountants to study all aspects of a wealth tax. We released our final report on 9 Dec 2020. A document answering some of the top questions we’ve received is here.
There is a cost of living crisis going on. UK living standards are predicted to fall at the fastest rate since records began. Whilst the Chancellor's recently implemented some support to help ease this pressure, this has been accompanied by a large rise in national insurance contributions, which disproportionately hurts workers. But what if there were a solution?
Evidence Papers of the Wealth Tax Commission published today.
“This project …is being led by a team with the essential mix of skills in economics, tax law and administration, that will be needed to craft a credible proposal. Whatever their recommendations…the final report should be required reading for my former colleagues in HMT and HMRC.”
— Lord Gus O’Donnell Cabinet Secretary and Head of the Civil Service, 2005-11
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