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Tories must finally introduce wealth tax to help people struggling with cost-of-living, Scottish Greens say
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THE Tory government must finally introduce a wealth tax on the super-rich to provide vital support for those struggling with the cost-of-living crisis, the Scottish Greens urged today.
A 1 per cent annual wealth tax on net assets over £10 million could raise nearly £10 billion a year while only impacting the richest 0.4 per cent of the population, according to research by the Tax Justice Network.
Scrapping the “non-dom” tax status favoured by infamous tax avoiders, such as Prime Minister Rishi Sunak’s wife, could raise a further £3.2 billion a year.
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