{"id":74920,"date":"2024-04-06T08:18:46","date_gmt":"2024-04-06T07:18:46","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=74920"},"modified":"2024-04-06T08:18:46","modified_gmt":"2024-04-06T07:18:46","slug":"are-we-ready-for-a-debate-on-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/04\/06\/are-we-ready-for-a-debate-on-tax\/","title":{"rendered":"Are we ready for a debate on tax?"},"content":{"rendered":"

Alan Rusbridger, the former editor of the Guardian and now the editor of Prospect magazine, has made the first editorial comment<\/a> on the Taxing Wealth Report 2024, saying:<\/p>\n

\n

The veteran tax campaigner Richard Murphy today publishes a report, the \u201cTaxing Wealth Report 2024<\/a>\u201d, which claims to show that by making up to 30 relatively simple changes to existing UK taxes a new government could raise up to \u00a390bn\u2014entirely from those who are well-off or straightforwardly wealthy.<\/em><\/p>\n

His first suggestion is changing capital gains to the same rate as income tax. That, says Murphy, would raise \u00a312bn of extra tax per annum: enough to help quite a few struggling hospitals, buy our troops more ammo or fund a proper water regulator.<\/em><\/p>\n

Another \u00a312bn, he calculates, could be raised by investing \u00a31bn in HMRC, which would enable it to track down the estimated 30 per cent of taxes that currently go unpaid.<\/em><\/p>\n

Is he right? I\u2019m no tax expert, but at least he\u2019s starting a discussion which the public may well be ready for.<\/em><\/p>\n<\/blockquote>\n

Am I right? All estimates are, of course, open to debate and I do not pretend otherwise. But I think I am right about the fact that the public is open to this debate.<\/p>\n

I am not alone in thinking so. A Labour source told me this morning:<\/p>\n

\n
The leadership wants growth (never mention how that will shared) but does not want to borrow, do QE or rearrange taxes. I think if Labour comes to power, public goodwill will evaporate quickly when people fail to notice any material change. That will be the time for a push for rebalancing of taxes.<\/div>\n<\/blockquote>\n
That is why having the ideas available now is so important.<\/div>\n","protected":false},"excerpt":{"rendered":"

Alan Rusbridger, the former editor of the Guardian and now the editor of Prospect magazine, has made the first editorial comment on the Taxing Wealth
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209],"tags":[],"class_list":["post-74920","post","type-post","status-publish","format-standard","hentry","category-taxing-wealth-report"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=74920"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74920\/revisions"}],"predecessor-version":[{"id":74921,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74920\/revisions\/74921"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=74920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=74920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=74920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}