Taxing the multi-millionaires – creating higher rates of income tax

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In a series of videos I am exploring the changes to the UK's tax system that are required to tackle the problems that growing inequality in the UK is creating.

Having explored the background to this issue in the first three videos in this series the first tax I look at that is in need of reform is income tax. In this video I explain why I think that we need higher rates of income tax and what the gain would be from having them. I also explore the commonly claimed argument that this will reduce the amount of work that the wealthy will do and suggest that this is just a myth.

A summary of all the videos in this series is now available on the Tax Research wiki, here.