New research shows that Britain raises more tax from wealth than any country in the OECD. More than Spain, Norway and Switzerland \u2013 the three European countries that have a stated wealth tax\u2026<\/p>\n
A huge number of countries<\/a> have tried and abandoned wealth taxes. Even the leftist ones\u2026<\/p>\n Even online tax commentator Dan Neidle, a member of the Labour Party who sat on its most senior disciplinary body until last year, backed the report:<\/p>\n \u201cThe UK\u2019s greatest problems are anaemic economic growth and a lack of supply of housing. An annual wealth tax offers no solution to either, and risks actively hindering the growth we desperately need. This paper does an important job of shifting the debate: if we want to tackle inequality, the answer isn\u2019t an unworkable new tax; it\u2019s building homes and letting more people build wealth of their own.\u201d<\/p>\n The Institute of Economic Affairs\u2019 new report today shows that wealth inequality is lower than at almost any point in the last century with the wealthiest 1% owning 22%. The EU average is 25% and in the US it is 35%\u2026<\/p>\n The report, by Dr Kristian Niemietz, finds that the UK\u2019s unusually high taxes on asset ownership, asset transfers, capital gains, and income derived from assets sets it against international peers. Has anyone told Zack Polanski or is he too busy posting videos about Greta\u2019s Gaza flotilla<\/a>?<\/p>\n Read the full report and its proposals below:<\/p>\n","protected":false},"excerpt":{"rendered":"New research shows that Britain raises more tax from wealth than any country in the OECD. More than…\n","protected":false},"author":2,"featured_media":26661,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13,11926,11927],"class_list":{"0":"post-26660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-britain","8":"tag-britain","9":"tag-institute-of-economic-affairs","10":"tag-wealth-tax"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116499945012030472","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/26660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=26660"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/26660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/26661"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=26660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=26660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=26660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}