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Wealth tax could raise billions for good causes
By Emma Rigby, Third Sector Online, 12 February 2008
Labour MP Frank Field has proposed a tax on the super-rich that would raise £3.6bn a year for charities.
The MP for Birkenhead suggested that ‘super-earners’ should pay an additional 10 per cent tax on earnings over £150,000 as part of an “acceptable behaviour contract” designed to reinforce the link between wealth and philanthropy. He suggested that the proceeds would either be donated to charity by the Government, or...
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