A wealth tax might require that you report your wealth each year Do you really want that?

The exponents of wealth taxes claim that they’re a great way of raising additional tax revenue. They forget just how hard it is for anyone to work out exactly how much they are worth. Such a tax would be an admin nightmare, and there are much better alternatives available.

#uk #money #economy #politics #government #tax #labour #starmer #health #life #wealth #tax #revenue

The Taxing Wealth Report: https://taxingwealth.uk/

ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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