Is a wealth tax the way to pay for the pandemic?

Harriet Murray, senior associate at Hunters Law, questions whether a one-off wealth tax would be effective or simply lead to more complex tax planning

A Wealth Tax Commission was established in April 2020, prompted by the exceptional circumstances of the Covid-19 crisis and was comprised of two academics and a barrister.  The aim was to assess whether a wealth tax would be desirable and deliverable in the UK, and ‘to provide policy makers with a solid evidence base’ and ‘to deliver the first in-depth analysis of a wealth tax in the UK for almost half a century’.

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