Source · Select Committees · Treasury Committee
Recommendation 10
10
Paragraph: 84
We believe that the development and administration of an annual wealth tax would be extremely...
Conclusion
We believe that the development and administration of an annual wealth tax would be extremely challenging, and we note that other countries have abolished such a tax in recent years. We would not recommend an annual wealth tax. It is recognised though that were the wealth to income ratio to increase considerably, the political arguments for some form of wealth tax would become stronger.
Paragraph Reference:
84