<-- Back to petitions
Tax wealth
P002813 - 14 March 2023
Presentations: 1
Presenters: 1
At a Glance
This petition concerning tax wealth was presented to Parliament once by 1 MP.
Issue Summary
The petition demands the scrapping of tax advantages for wealthy individuals who pay lower rates on wealth compared to regular income, advocating for a fairer tax system that would fund pay rises for public sector workers.
Action Requested
The House of Commons is urged to scrap the tax advantage for the wealthy and instead implement fair taxation of wealth, reallocating funds to provide inflation-matching pay rises for public sector workers.
Key Facts
- Over 38,000 signatures collected
- Wealth income taxed at lower rates than regular income
- Equalising Capital Gains Tax rates with income tax rates could raise £17 billion annually
Presentation Timeline
MPs presented this petition on the following dates. Each card shows the presenters and any recorded remarks.
Presented
14 March 2023
Richard Burgon
Lab
Leeds East
I rise to present a petition alongside a corresponding online petition, signed by more than 38,000 people, demanding action on wealth taxes. It is totally wrong that the wealthy get away with paying lower tax rates on their wealth than everybody else has to pay on the wages they earn from going out to work day in, day out. Scrapping that tax advantage could easily fund a proper pay rise for nurses, teachers and the other key workers who the Government were calling heroes not too long ago.
▸
Assessment & feedback
Summary accuracy