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The fight for a wealth tax is heating up. 🔥
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The Duchies of Lancaster and Cornwall, owned by King Charles and Prince William, are worth £1.8 billion. They are exempt from most tax. Last year they made £50m profit and paid no corporation tax.
🚨BREAKING!🚨
30+ of the world's leading economists have written a letter backing calls for a wealth tax on the super-rich.
Among those backing the call are @PikettyWIL, @Jayati1609, @JoseA_Ocampo and Ha-Joon Chang.
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🚨BREAKING
HMRC missed out on around £47bn in taxes — from errors, avoidance and evasion— according to its annual "Tax Gap" report, released today.
Here's why that is likely an underestimate, and why the real gap is likely to keep on growing...
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The estates of the King and the Prince of Wales are worth £1.8bn.
Last year they made £50m profit.
They are exempt from corporation and capital gains tax.
This is unfair and costing the country millions in lost revenue. It must not continue.
People don't want tax cuts.
They want GP appointments, dental care, safe school buildings, roads without potholes, housebuilding, their councils not going bankrupt. Investment in our country.
There are 55 billionaires in the UK.
A 1% wealth tax on them and the very richest could raise £22bn a year.
Enough to pay 276,000 nurses AND double dental funding in England, with change to spare.
Our exec diector @robertnpalmer in the Guardian.