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Proposals for Higher Taxes on the Super-rich
P002683 - 21 July 2021
Presentations: 1
Presenters: 1
At a Glance
This petition concerning proposals for higher taxes on the super-rich was presented to Parliament once by 1 MP.
Issue Summary
The petition calls for action against the increasing wealth gap and poverty in the UK, highlighting that British billionaires have significantly increased their wealth during the pandemic while food bank usage has surged.
Action Requested
The petitioners request that the House of Commons urge the Government to review proposals to introduce a wealth tax on the super-rich, a windfall tax on corporations profiting excessively from the pandemic, and implement a more progressive income tax system with higher rates for high earners.
Key Facts
- British billionaires' wealth increased by £106 billion during the pandemic.
- A record 2.5 million food bank parcels were given to people in crisis in the past year.
- Proposals include a new 55% income tax rate on all income over £200,000 per year, a 50% rate for those earning over £123,000, and a 45% rate for income over £80,000.
Presentation Timeline
MPs presented this petition on the following dates. Each card shows the presenters and any recorded remarks.
Presented
21 July 2021
Richard Burgon
Lab
Leeds East
I rise to present a petition, alongside a corresponding petition online that is getting many thousands of signatures from those appalled by the grotesque levels of inequality that scar our country, and from those who are deeply shocked that British billionaires have used this crisis to further enrich themselves to the tune of more than £100 billion while poverty has soared and food bank use has hit record highs. I present the petition on behalf of those who want to see a fairer taxation system as part of building a fairer more inclusive country. The petition states:
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