"We need a progressive tax system a tax on online gaming companies and gambling companies, a tax on windfall profits which the banks and financial institutions have seen over the last couple of years."
"not to take anything off the table"
"a wealth tax itself"
"Banks have record profits driven by a high-interest environment."
The TUC calls for the Chancellor to consider a range of wealth taxes in the November Budget to boost investment in public services. The organisation advocates a progressive tax system including levies on online gaming and gambling companies, and taxes on windfall profits captured by banks and financial institutions. Proposed measures include equalising capital gains tax with income tax and exploring a wealth tax, noting examples in other countries. The TUC highlights record bank profits and argues financial institutions should contribute more, while the Treasury prioritises economic growth and limits on borrowing.
Read at www.bbc.com
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