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The Inquiry: Can we make the super-rich pay more tax?

Can we make the super-rich pay more tax?

01/07/2021 GMT

BBC World Service - The Inquiry, Can we make the super-rich pay more tax?

Some of the richest people often pay little or no tax compared to their wealth. But, taxing what people own rather than what they earn is difficult, so what can we do?

Rich people are often able to pay little or no tax compared to their wealth because of the way the system works.  In recent years, many have called for changes and reforms so that instead of income, wealth is also taxed. 

But, wealth taxes are not a new thing. Many argue that they are key for addressing inequality but some say they simply aren’t an effective way of gaining revenue.

Charmaine Cozier asks can we make the super-rich pay more tax?

Producer: Olivia Noon
Researcher: Bethan Head


(Activists March In Manhattan NY, calling for a tax on Billionaires. Credit: Spencer Platt/Getty Images).

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