I have this morning begun publishing the Taxing Wealth Report 2024: This introduction says: Brief summary This note summarises the issues that the Taxing Wealth
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I hate to be a contrarian, but we really do not need a wealth tax right now
As I noted in The National yesterday: I stress this is not a deliberately contrarian view. I am aware of all the theoretical arguments for
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Myths about taxing wealth and high earners
I got to the point yesterday in my work on wealth taxes where I could feel fairly confident that I had identified all the changes
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The case for investment in HMRC is overwhelming
The Institute of Chartered Accountants in England and Wales published an article this week in which they noted: Since 10 July 2023, an HMRC taskforce
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Taxing wealth more
You might have missed yesterday’s editorial on inflation in the Guardian. This said: Why should ordinary households be made poorer when a few groups operating
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We need to raise a lot more in tax from the wealthy but that does not convince me that we need a wealth tax
I am aware that my old friend, Howard Reed, has produced the data for the TUC’s proposed new wealth tax. As the TUC say: The
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ISAs have a role in UK savings, but the creation of ISA millionaires was not one of them
As The Independent reports: The number of “Isa millionaires” has surged to more than 4,000, according to HM Revenue & Customs (HMRC) figures. Some 4,070 savers were sitting on
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There is lots of money available – if you know where to look for it
I think the time has come for me to note the project that I am working on this summer. Like so many readers of this
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The tax system is riddled with leaks that mostly benefit the rich. They need to be closed.
As the Guardian reports this morning: I entirely agree with the committee. A review of these allowances and reliefs is long overdue. Many are open
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