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Wealth tax rise could raise £174bn to tackle COVID-19, expert says

The government has the potential to raise up to £174bn a year to help cope with the Covid-19 crisis if it taxed wealth at the same rate as income, a UK tax expert has said.

Wealth tax rise could raise £174bn to tackle COVID-19, expert says
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  • Shared by the Guardian
  • April 23, 2020
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Richard Murphy, a professor in political economy at City University in London, said income was being taxed at almost 10 times the rate of wealth – and that the disparity should be central to any debate about who should pay for the pandemic.

Read more at the Guardian

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