Speaking at the Chartered Institute of Taxation (CIOT) and Institute for Fiscal Studies (IFS) debate on the wealth tax at the Labour party conference, a panel of tax experts did not rule out the effectiveness of a wealth tax, but warned that it should be a one-off tax, otherwise there would be potential for widespread tax avoidance. However, the argument for such a tax would be easier for the public to accept if it is seen in the context of paying down debt after the pandemic.