Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Create an asset register and apply a 2% annual tax on individuals with net assets over £10 million. Introduce safeguards, like an exit tax to prevent assets being moved offshore. We think these measures, particularly for real estate, would help ensure the policy is fair and effective.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Introduce a wealth tax on people with a £50 million+ net worth
Introduce a wealth tax on anyone that has a net worth above £50million. We believe this would mean wealth cannot be transferred or avoided nearly as easily and could help reduce wealth inequality. Since COVID, the wealth of billionaires has risen.
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
We ask the Government to introduce a new 30% income tax band that applies to earnings between £50,271 and £100,000. This could ensure a smoother, fairer progression in tax rates. Our aim is to create a more balanced, modern and equitable tax structure for middle-income earners.
Remove inheritance tax on all estates and their property worth under £1 million
Change the inheritance tax threshold from all estates from £325,000 to £1 million, so that no inheritance tax is levied on estates and the property within them up to a value of £1 million.
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
We want the Government to abolish the effective Tax rate of 60% on income between £100,000 and £125,140, replacing it with a Tax band of 45% on income over £100,000 and removing the tapered withdrawal of Personal Allowance.
Raise the income tax personal allowance from £12,570 to £20,000
This would help with increasing rent, mortgages, Council tax, and Gas and Electric bills. Some families can’t afford to go back to work after children due to childcare costs wiping their whole income!
Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Create an asset register and apply a 2% annual tax on individuals with net assets over £10 million. Introduce safeguards, like an exit tax to prevent assets being moved offshore. We think these measures, particularly for real estate, would help ensure the policy is fair and effective.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Introduce a wealth tax on people with a £50 million+ net worth
Introduce a wealth tax on anyone that has a net worth above £50million. We believe this would mean wealth cannot be transferred or avoided nearly as easily and could help reduce wealth inequality. Since COVID, the wealth of billionaires has risen.
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
We ask the Government to introduce a new 30% income tax band that applies to earnings between £50,271 and £100,000. This could ensure a smoother, fairer progression in tax rates. Our aim is to create a more balanced, modern and equitable tax structure for middle-income earners.
Remove inheritance tax on all estates and their property worth under £1 million
Change the inheritance tax threshold from all estates from £325,000 to £1 million, so that no inheritance tax is levied on estates and the property within them up to a value of £1 million.
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
We want the Government to abolish the effective Tax rate of 60% on income between £100,000 and £125,140, replacing it with a Tax band of 45% on income over £100,000 and removing the tapered withdrawal of Personal Allowance.
Raise the income tax personal allowance from £12,570 to £20,000
This would help with increasing rent, mortgages, Council tax, and Gas and Electric bills. Some families can’t afford to go back to work after children due to childcare costs wiping their whole income!