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Green Party proposes wealth tax.

 The Green Party have stated that they would like a wealth tax on people with assets of more than £3m

 
Party leader Natalie Bennett said that people worth over £3m could afford to pay more to reduce inequality in the UK, and it was in their interest to do so.
 
"Inequality is a problem that we have to tackle," she told the BBC.
 
The party states that setting the tax at 1% to 2% would raise between £21.5bn and £43bn annually from the wealthiest 1% people in the UK. 
 
Stuart Coleman, Manager of the Tax Department of ABDS comments:
“In its analysis of the feasibility of the policy, the Green Party of England and Wales argues that the UK is the seventh most unequal country in the OECD, an organisation which includes as members 34 of the world's richest countries. However, they also note that varying forms of wealth tax exist in France, Spain, Iceland, the Netherlands, Norway and Switzerland.”
 
If you need any help and advice on Inheritance tax or capital gains Tax, don’t hesitate, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
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