Make UK super-rich pay one-off wealth tax, says Fabian Society

Labour MP Dan Jarvis backs call for levy on richest 0.1% to help cut deficit and protect public services

A one-off tax on Britain’s super-rich is the only feasible way to tackle the government’s spending deficit and protect vital public services, according to a report backed by the Labour MP Dan Jarvis and the left-of-centre Fabian Society thinktank.

The levy would apply to UK residents with more than £10m in assets, with a supplementary charge for those with more than £20m in shares and property.

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Read the original at Economics | The Guardian.