Academics Outline Tax Reforms to Potentially Raise £26bn
1 report, 1 independent
Updated Sep 22
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What happened
Academics have put forward a plan proposing tax reforms aimed at stimulating economic growth. The research suggests these changes could raise £26bn and are due to be debated ahead of this year’s Budget. The proposals call for capital gains taxes to be reformed and equalized with income tax rates, which researchers say would raise a further £19.7bn in 2030.
From cityam.com
Why it matters
The reforms address imbalances in taxes paid by salaried employees and the very highest earners. The proposals include the removal of uplift at death, the introduction of an investment allowance for a risk-free rate, and exit taxes.
From cityam.com
Who's involved
- governmentThe government body responsible for implementing national tax policy and the Budget.
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The entities involved
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John Healey
British politician (born 1960)
Related events
- Financial Times reports on UK tax changes and China's fiscal hunt.
- Anne McElvoy and Sam Coates question John Healey about whether he is stretching fiscal rules amid economic pressure.
- Tax policy views on tax thresholds were discussed between principals including Andy Burnham, Keir Starmer, John Healey, and representatives from Knight Frank.
- Burnham supports the concept of a wealth tax, informed by conclusions from the Institute for Public Policy Research (IPPR) to guide future budget planning.