Source · Select Committees · Treasury Committee
Recommendation 11
11
Though those who gave evidence were sceptical of an annual wealth tax, there was more...
Conclusion
Though those who gave evidence were sceptical of an annual wealth tax, there was more support for a one-off wealth tax. It could be used to raise significant revenue. However, amongst witnesses there were significant reservations that a tax imposed once can be imposed again, and that such a tax might be seen as retrospective. (Paragraph 88) Tax after coronavirus 75 The major contributors to tax revenues