- Wealth Tax Commission—a wealth tax for the UK final report
- What are the main conclusions of the report and what option looks most feasible?
- If a one-off wealth tax were pursued, what property and assets would it attach to?
- How would rates and thresholds be determined (and by whom) if a wealth tax were introduced?
- What are the main issues with introducing an annual wealth tax?
- What design features for a one-off wealth tax does the report say should be adopted and considered?
- What relevant connection to the UK is considered most appropriate as the basis for a one-off wealth tax?
- UK residents
- What suggestions are made about taxing trusts?
- What avoidance or behavioural issues would be raised by the implementation of a one-off wealth tax and how could these be tackled?
- Would the elimination of distortions in existing taxes be a possible alternative?
- What payment options are explored?
- What key points about the administration of a wealth tax are made?
- What are the main grounds for support of and objection to a wealth tax?
Private Client analysis: Arun Advani, Assistant Professor in Economics at the University of Warwick Economics, Emma Chamberlain, barrister at Pump Court Tax Chambers and Andy Summers—associate professor at LSE Law and International Inequalities Institute discuss their publication for the Wealth Tax Commission on a wealth tax for the UK.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial