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The Latest Breaking News from Tax Justice UK

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK

Rachel Reeves urged to raise taxes on companies profiting from war on Iran

Charities say energy companies, banks and defence companies stand to benefit from the economic fallout

The Guardian - UK

A wealth tax would be simple and fair – what’s not to like?

Letters: Readers respond to an article by Aditya Chakrabortty that said a 1% levy on the super-rich wouldn’t be enough to tackle Britain’s inequality

The Guardian - UK

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Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Evening Standard

Rachel Reeves needs to find cash fast. A wealth tax really is her only viable option

The alternatives for the UK chancellor are either unworkable or will lose Labour votes, so here’s what she should try, says Faiza Shaheen of Tax Justice UK

The Guardian - UK

What is a wealth tax – and would it work in the UK?

Economic experts give their take on proposals for a new tax on the UK’s ultra-rich

The Independent UK

Climate groups call for UK wealth tax to make super-rich fund sustainable economy

Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’

The Guardian - UK

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Friday briefing: The myth of the fleeing super-rich – and the real tax debate

In today’s newsletter: Headlines claim wealthy individuals are leaving the UK over tax fears – but the data tells a different story. We look at what’s driving the narrative

The Guardian - UK

Reform’s ludicrous ‘Britannia Card’ is a masterpiece in political manoeuvring

While it promises to enrich the poor, the proposal offers a subtle tax break to the wealthiest. But Farage knows better than Labour that headlines matter, says Faiza Shaheen, the incoming executive director of Tax Justice UK

The Guardian - UK

There’s plenty of money out there – and we need a wealth tax to fund public services

Letters: Taxing the super-rich more can help to build a better, stronger UK writes Robert Palmer of Tax Justice UK; plus a letter from Martyn Thomas

The Guardian - UK

At a festival for the super-rich, the argument for higher taxes couldn’t have been clearer

Britain’s jet set insist they will flee if they lose their benefits – but Labour should not be daunted, says Guardian columnist Polly Toynbee

The Guardian - UK

2% tax on UK rich list families ‘could raise £22bn a year’

Campaigners for tax reform say similar levies in Europe have helped to reduce inequality

The Guardian - UK

Rishi Sunak swerves questions on tax reform after publishing details of £1.9m income

Due to capital gains being charged at a lower rate than income tax, the Tory leader paid an effective tax rate of just 22% on all his income - almost equivalent to a nurse on £36k

Daily Mirror

If you’re rich there are legal – and not so legal – ways to lower your tax bill

Ordinary people may play by the rules, but the British tax system is stacked in favour of the wealthy – who take full advantage, says Robert Palmer of Tax Justice UK

The Guardian - UK

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The Guardian - UK

Call for wealth tax as UK billionaire numbers up by 20% since pandemic

‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says new report

The Guardian - UK

Cost of living crisis: Stop the Squeeze calls for wealthiest to ‘pay proper share’ of tax

Coalition of 40-plus charities and groups launches amid fears of spending cuts to plug public finances

The Guardian - UK

Wealth taxes could raise £37bn for UK public services, campaigners say

Tax Justice UK calls on Rishi Sunak’s government to introduce five reforms targeting the richest people

The Independent UK

Businesses and wealthy people ‘handed £36bn tax cuts under Rishi Sunak’

Tax Justice UK calculates at least £35.8bn handed to businesses in tax cuts

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