Windfall tax on excess asylum-accommodation profits
Introduce a windfall tax on excess profits from asylum-accommodation contracts: tax any margin above normal hotel levels on progressive bands (like income tax), publish benchmarks, cap margins in future contracts, and return proceeds to taxpayers and local services.
Rachel Reeves
Chancellor
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Windfall tax on excess asylum-accommodation profits
Introduce a windfall tax on excess profits from asylum-accommodation contracts: tax any margin above normal hotel levels on progressive bands (like income tax), publish benchmarks, cap margins in future contracts, and return proceeds to taxpayers and local services.
Similar motions
Create one-off amnesty with extra tax obligation for undocumented people
Increase the £30,000 tax-free limit on settlement agreements
Ensure Home Office needs planning permission for all hotel asylum accommodation
Reform tax rules so rental income is taxed on profit, not revenue
Stop asylum seekers being given housing in military establishments