IPPR urges UK Labour govt to introduce £18bn tax raid on London/SE, equalising capital gains tax with income tax.
The Institute for Public Policy Research (IPPR) urges the UK's Labour government to introduce a £18bn tax raid on London and the South East in the upcoming budget, stating that the UK's tax system worsens wealth inequality. The IPPR suggests equalising capital gains tax with income tax as a first step, which could raise £68bn by 2029. The think tank argues that regional wealth gaps are widening due to London and the South East benefiting from preferential tax treatment of income from wealth.
August 29, 2024
150 Articles