Report proposes 5% UK wealth tax to offset pandemic costs

A report from Britain's Wealth Tax Commission, the London School of Economics and Warwick University has found that the introduction of a one-off wealth tax of 5% would offset some of the costs of the covid-19 pandemic, raising £260bn for the government. The report envisages that the wealth tax would apply to all assets worth a net £500,000, including property, and would affect around 8 million people in Britain. Those to whom the tax would apply could pay in five equal installments ove...