Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax Politics Andy Burnham is “not considering” scrapping stamp duty and council tax, Downing Street has said, as the government moves to pour cold water on rumours of major tax changes that had spooked property sector leaders. Business chiefs condemned the government over the danger of property tax speculation after reports over the weekend suggested that Burnham [...]
We should all get behind this wealth tax Opinion A wealth tax is once again rising up the agenda as Andy Burnham prepares to enter Downing Street. The tax is remarkably popular. YouGov polling last year found 75 per cent of Brits would be in favour of the introduction of a wealth tax, with only 13 per cent opposed. There are three clear reasons [...]
Here’s how a levy on assets could work, just don’t call it a wealth tax Opinion Debate around wealth taxes have become a meme, far too ideological and not technocratic enough. But there is a way to raise a levy on assets without distorting the economy, says Tim Sarson Last week I was scanning the list of topics I’d written about for City AM in the last two years and there [...]
Can the government tax its way to a building boom? October 26, 2024 Labour have big plans for house building and infrastructure so what can we expect on property taxes in the Budget? Tim Sarson has the answers Cut through the post-election chatter about black holes and freebies and there is one theme that keeps coming up as a top political priority. Building things. I can’t remember a [...]