Make UK super-rich pay one-off wealth tax, says Fabian Society
by Phillip Inman Economics correspondent from on (#1GYST)
Labour MP Dan Jarvis backs call for levy on richest 0.1% to help cut deficit and protect public services
A one-off tax on Britain's super-rich is the only feasible way to tackle the government's spending deficit and protect vital public services, according to a report backed by the Labour MP Dan Jarvis and the left-of-centre Fabian Society thinktank.
The levy would apply to UK residents with more than 10m in assets, with a supplementary charge for those with more than 20m in shares and property.
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