Article preview: Death and taxes. The only two things said to be certain in life. As the country moves ever closer towards an exit from the European Union, and the economy shows little sign of sustained improvement, there’s a reasonably well founded fear of higher taxes ahead. Chancellor Philip Hammond explained in the Budget in October that he would consider turning his Spring Statement this year into a ‘full fiscal event’ depending on the outcome of Brexit. This means there’s a good chance of an emergency Budget coming along in the next few months.
These five steps could raise £7bn a year in taxes
This 1,073 word blog post explains five wealth tax proposals from think tank the Resolution Foundation, designed to raise almost £7bn a year more in taxes by 2022/23 and help with Britain’s burgeoning cost of the welfare state as a result of the ageing population. Includes expert comments from Torsten Bell, Director of the Resolution Foundation and Adam Corlett, Senior Economic Analyst at the Resolution Foundation. Written on 3rd January 2019.
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