Yes, We Can Tax the Rich to Pay for the Pandemic
In Britain today, nurses often pay higher tax rates than hedge fund managers. The failure to properly tax wealth is a scandal – and it should end now, before Covid-19 deepens inequality even further.
3 Articles by:
Robert Palmer is the executive director of Tax Justice UK.
In Britain today, nurses often pay higher tax rates than hedge fund managers. The failure to properly tax wealth is a scandal – and it should end now, before Covid-19 deepens inequality even further.
A new report shows overwhelming public support for taxing wealth and tackling inequality – but suggests that the way we make the argument will be decisive in building a successful campaign.
The coronavirus crisis will increase the flow of wealth upwards, with even 45% of furlough scheme funds going to rent and debt payments – if we are to avoid deeper inequality, we need to tax the wealthy.