Do we need the super-rich?
There has been a lot of discussion recently about the introduction of an emergency tax on the ‘super-rich.’ Some say that if you earn more you should contribute more towards the country that you live in. Some have argued that this short term measure will not answer the long term questions of economic stability.
Here at AIMS we enjoy reading about successful people who are driving companies forward in a downturn. Let’s also look at facts: special taxes and rates normally do not produce any significant revenue for the Treasury. But we totally agree that everybody should share a fair tax burden. So here is our proposal: let’s get rid of all the loopholes and special rules – it has been suggested that this could raise up to £7.5 Billion per year!