Select committee: Treasury Committee
Conclusion 10
Twelfth Report - Tax after coronavirus
Published 1 Mar 2021
Paragraph 84
Addressed to HM Treasury
Treasury Committee Tax after coronavirus All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
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.
From: Treasury Committee, Twelfth Report - Tax after coronavirus (HC 664), paragraph 84, 1 March 2021
Government response
No government response linked yet: deadline 1 May 2021, 2010 days ago.