Piers Barclay, Gregory Price and Thomas Schlee (Macfarlanes) consider the main recommendations of the report, the likely political response and the implications for taxpayers.
On 9 December 2020 a group of academics and tax professionals led by Arun Advani of Warwick University Andy Summers of LSE and the barrister Emma Chamberlain OBE known as the ‘Wealth Tax Commission’ published a much-anticipated report of their study into the possibility of a UK wealth tax. This article considers the main recommendations of the report the likely political response and the implications for taxpayers.
Background
There is a close link between times of economic crisis and discussion of new taxes on wealth. A UK wealth tax was first proposed in the aftermath of the Second World War and first considered as government policy by Harold Wilson’s administration in the mid-1970s against a backdrop of high inflation ...
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Piers Barclay, Gregory Price and Thomas Schlee (Macfarlanes) consider the main recommendations of the report, the likely political response and the implications for taxpayers.
On 9 December 2020 a group of academics and tax professionals led by Arun Advani of Warwick University Andy Summers of LSE and the barrister Emma Chamberlain OBE known as the ‘Wealth Tax Commission’ published a much-anticipated report of their study into the possibility of a UK wealth tax. This article considers the main recommendations of the report the likely political response and the implications for taxpayers.
Background
There is a close link between times of economic crisis and discussion of new taxes on wealth. A UK wealth tax was first proposed in the aftermath of the Second World War and first considered as government policy by Harold Wilson’s administration in the mid-1970s against a backdrop of high inflation ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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