Millionaires call for wealth tax in countdown to UK Budget day

clock • 3 min read
Millionaires call for wealth tax in countdown to UK Budget day

A group of 30 UK millionaires have called on the chancellor to tax them and other rich people more because they can afford to pay it and "the cost of recovery cannot fall on the young or on those with lower incomes". In an open letter in the run-up to the UK Budget taking place on Wednesday 27 October, the millionaires told Rishi Sunak to introduce a wealth tax on the nation's richest people to help pay for the recovery from the coronavirus crisis and tackle the yawning inequality gap. ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login