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One-off wealth tax on millionaires should be considered to pay for pandemic measures, report suggests
A ONE-OFF wealth tax on millionaires should be considered if the government decides to raise taxes to pay for pandemic supplies and measures, according to a new report.
The new Wealth Tax Commission, set up during the first Covid-19 lockdown, has suggested a 1 per cent tax on millionaire couples.
Over a five-year period, it would raise £260 billion and would be preferable to increasing income taxes or VAT, the authors said.
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