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Patriotic Millionaires UK Welcomes Gabriel Zucman’s Proposal for a Coordinated Minimum Tax on Billionaires
The EU Tax Observatory, under the direction of world-renowned economist Gabriel Zucman, released a report which outlines how a coordinated minimum tax on ultra-high-net-worth individuals would work in practice.
Ten tax reforms to raise £60 billion for public services and a fairer economy
Read our policy recommendations.
The wealth of the 200 richest families has surged from £42 billion to £711 billion since 1989, while public wealth has plummeted from £337 billion to minus £1 trillion.
Wealth of the 200 richest families has grown from £42 billion to £711 billion since the Rich List started in 1989, while public wealth of the country has fallen from £337 billion to - £1 trillion.
While the Chancellor aims to cut taxes, 3 in 5 British millionaires think economic growth cannot happen without raising further tax revenue for national investment. A 2 percent tax on the 350 Rich Listers could raise nearly £16 billion - enough to recruit 10,000 new teachers and cover the cost of repairing Britain’s crumbling schools.