HMRC criticato da Watchdog per non aver tracciato la tassa dei miliardari
https://www.theguardian.com/politics/2025/jul/16/hmrc-criticised-by-watchdog-for-failing-to-track-billionaires-tax?CMP=Share_AndroidApp_Other
di AdaptableBeef
HMRC criticato da Watchdog per non aver tracciato la tassa dei miliardari
https://www.theguardian.com/politics/2025/jul/16/hmrc-criticised-by-watchdog-for-failing-to-track-billionaires-tax?CMP=Share_AndroidApp_Other
di AdaptableBeef
6 commenti
Hopefully this helps put to bed the notion that “the richest pay the most tax” that gets trumpeted in any discussions on a wealth tax.
Not to take away from the importance of the article but I just want to delve in on this picture they chose. Are they suggesting billionaires drive gaudy wrapped BMW i8’s or are they suggesting the Mandarin Oriental Hotel (owned by the publically traded Jardine Matheson Holdings Limited) is in someway connected to billionaires hiding their wealth from the tax man? Perhaps it’s the colonialist association with the company that founded the hotel, or just that it’s a swanky five star one in London. Either way I found the image choice amusing.
600 employees at HMRC chasing roughly 100billion Vs 3200 UC employees chasing 3 billion.
It clearly pays to get into politics.
I mean that’s got more to do with the Tories gutting HMRC rather than HMRC failing here.
They’d (internally) love to go after the rich for this, but they no longer have (a) the funding for the court cases, or (b) the internal expertise to properly make a case.
Love the fact that according to the PAC report, HMRC defines as a “wealthy” individual anyone with an income of £200,000 or assets of over £2 million in any of the last three years. HMRC seems to identify 850,000 individuals in this category, who paid £119 billion in personal tax (25% of tax receipts). The figure drops to 29,000 individuals with incomes in excess of £1m.
On one hand ironic as this figure probably includes many professionals in London who chances are do not feel wealthy (especially someone with a family in London on £200k).
On the other hand telling about the state of tax receipts in this country if a quarter of them all is based on less than a million people.
Lastly, obviously I don’t have any issue for billionaires paying more tax, when one gets to the granular data of very wealthy individuals, I wonder if all of this discussion is more than a red herring or whether it will actually lead to a collection of significant additional sums
Meanwhile, I had to wait 5 months to get a refund while I was off work ill and struggling on UC last year. Any compensation for the wait or their fuck up? Nope.