I received an email today about the new Labour movement website “Labourspace” and the campaign to make the super rich pay their fair share of taxes. The TUC reckon that tax avoidance by the Super rich costs the Exchequer around £25 billion per year. “The TUC are proposing not a higher rate for the richest, but instead a minimum tax rate to help stop the bigger abuses of tax avoidance. Our idea is to introduce a minimum tax rate of 32% for those earning over £100,000, rising to 40% for those earning over £200,000. This is really a pretty modest proposal, leaving room for genuine tax breaks, but suggesting people pay at least a fairer proportion of the tax they are due to pay”.
This has got my vote.
The concept behind Labourspace is simple but clever. Sign up and change your world in 30 seconds.
