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Could Andy Burnham introduce a wealth tax – and how much would it raise?

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAcademics propose a two per cent wealth tax on households with over £100m in assets, estimated to raise £10 billion annually. The proposed tax would affect fewer than 1,000 of the UK's wealthiest households and aims to reduce runaway inequality. Andy Burnham has hinted at tax reforms and declined to rule out a wealth tax, suggesting his government might "ask for a little more". The report, by Gabriel Zucman and Ben Tippet, suggests the tax would cover various assets including property, private businesses, and art to prevent avoidance. The authors argue this targeted approach differs from past unsuccessful wealth taxes by focusing on the extremely wealthy with strong administrative enforcement. In fullWealth tax could raise £10bn a year, academics tell Andy BurnhamMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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