Academics urge Burnham to introduce 2% wealth tax on super-rich households
Academics urged UK Prime Minister Andy Burnham to introduce a 2% minimum wealth tax on households exceeding £100m, potentially raising £10bn annually. The proposal from economists Gabriel Zucman and Ben Tippet would affect fewer than 1,000 richest households. Burnham has hinted wealth taxation could feature in his spending plans, though advisers have prioritized capital gains tax changes.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 21 Jul 2026, 05:00 UTC · Updated 21 Jul 2026, 05:11 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
Trending
- Perth traffic: Peak-hour chaos as police incident shuts Albany Highway
- Breaking: Terence Donovan dies aged 90
- ‘Everyone's afraid to die’: Struggle to recruit soldiers in Ukraine turns violent
- Concerns for lost health services under sale to Calvary
- Salvation Army worker's medication error leads to resident's death
- Wallabies player ratings: How the men in gold performed