tax

Mandelson-linked bank boss warns UK not to tax bonuses

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  • Post last modified:19 August 2026
Mandelson-linked bank boss warns UK not to tax bonuses

Earlier this year, we learned that Peter Mandelson had allegedly conspired with a US bank against UK interests. Specifically, he advised JP Morgan boss Jamie Dimon to ‘mildly threaten’ then-chancellor Alistair Darling. Now, that same banking boss is once again mildly threatening the UK over plans to raise taxes… unsurprisingly, the Mandelson and his sticky fingers continue to cast a long shadow. JP Morgan CEO warns UK chancellor not to hike taxes on banks, could raise £19bn. Says it would lose jobs. From industry that has closed bank branches, profiteered, taken bailouts, sold dud products, engaged in frauds, facilitated illicit financial…

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Kwasi Kwarteng gives the game away on fossil fuel tax cuts

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  • Post last modified:13 August 2026
Kwasi Kwarteng gives the game away on fossil fuel tax cuts

As highlighted by Tax Justice UK, Kwasi Kwarteng has given the game away on taxing oil companies: Oops, Kwarteng said the quiet part out loud: cutting taxes for fossil fuel giants to l̶o̶w̶e̶r̶ ̶y̶o̶u̶r̶ ̶b̶i̶l̶l̶s push their profits higher. We say tax excess profits, cut bills, build renewables, break free from fossil fuel doom-loops. Agree?Act now: https://t.co/nG1r6GI5pr pic.twitter.com/Gk20tiHixo — Tax Justice UK (@TaxJusticeUK) August 12, 2026 Credit to Faiza Shaheen here for pushing him into admitting this. Tax the profiteers Tax Justice are encouraging people to sign a petition which will ‘raise taxes on companies profiteering from the Iran war’. The…

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Gary Stevenson’s wealth tax vs Dan Neidle’s land value tax: the difference explained

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  • Post last modified:10 August 2026
Gary Stevenson’s wealth tax vs Dan Neidle’s land value tax: the difference explained

Gary Stevenson has been dismantling “childish” arguments against a wealth tax for years on YouTube. His Channel 4 documentary, How to Get Filthy Rich, packaged his arguments as a long-form show for a mainstream audience. Journalists focused on his clash with tax lawyer Dan Neidle, who called Gary’s annual wealth tax proposal “populist claptrap.” The sensationalism around the debate, however, belies a category error: a wealth tax and a land value tax target completely different things, and both can co-exist. Comparing acres and Apple In their discussion, Neidle accused Stevenson of being “unable to separate [his] emotional reaction to inequality with…

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Burnham says “we under tax wealth” but will he do anything about it?

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  • Post last modified:25 June 2026
Burnham says “we under tax wealth” but will he do anything about it?

Tax Justice UK have posted a video filmed in November, challenging the newly elected Makerfield MP and likely-PM Andy Burnham on his position on wealth taxes. This comes as Burnham looks likely to take the top job of PM, leading many to pay attention to whether he sticks by his prior commitments. At the time, Andy Burnham seemed to recognise the unfairness of a system that taxes work heavily while allowing many of the wealthiest to pay less than ordinary workers. He notably said: We under tax wealth. If you take something as simple as council tax, people here [Manchester city…

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Burnham proposes land value tax as progressive voters sour on him

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  • Post last modified:21 June 2026
Burnham proposes land value tax as progressive voters sour on him

Speaking to Andrew Marr, Andy Burnham has suggested he wants to introduce wealth taxes in the UK: I'm no fan of Andy, but a land value tax is fucking based. https://t.co/AxK7i70YSt — Curtis Daly (@CurtisDaly_) June 20, 2026 If he delivers on this, it would be a more progressive direction for Labour than what we got under Keir Starmer. And there’s reason for Andy Burnham to talk up such policies, because the signs are that progressive voters are already losing patience with him. Andy Burnham — Wealth taxes Speaking to Marr, Burnham said: I think in this country we overtax labor…

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Scottish Parliament backs luxury wealth tax on mansions and private jets

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  • Post last modified:9 June 2026
Scottish Parliament backs luxury wealth tax on mansions and private jets

The Scottish parliament has voted to approve a new wealth tax on high-end luxury goods, especially mansions and houses over £1m and private jet travel. Scottish parliament leading the way MSPs went to the Scottish parliament chamber to debate a new “fair, progressive and sustainable” approach to tax. This included the plans for a levy on private jets and houses owned by the wealthiest in society. The motion — which passed 84-28, with 10 abstentions — highlighted the role taxes play in the delivery of essential public services. The motion welcomed all of Scotland’s recent progress made towards the creation of a…

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Reform’s new overtime tax policy torn to shreds

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  • Post last modified:8 June 2026
Reform’s new overtime tax policy torn to shreds

Reform UK unveiled an attention-grabbing new policy proposal on Sunday 24 May: Reform will scrap income tax on overtime. It's time to make work pay. pic.twitter.com/Q0luvT9WPM — Nigel Farage MP (@Nigel_Farage) May 24, 2026 The problem for Reform is that the policy has also grabbed the attention of people who think things through. Reform — “Avoidance opportunities” Sam Dumitriu of the Britain Remade thinktank had 5 points on the new policy: 1. This appears to be an import of Trump’s extremely dumb (but clearly popular) ‘no tax on tips’ policy. 2. If your aim is to boost growth and incentivise work,…

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The economist billionaires fear: this is how we get a wealth tax

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  • Post last modified:13 July 2026
The economist billionaires fear: this is how we get a wealth tax

This is an AI-written (but human-edited) summary of Gary’s recent video: The economist billionaires fear: this is how we get a wealth tax In his previous video on Rory Stewart, Gary promised that the response to accusations of fringe economics would not just be rhetoric, it would be evidence. He said he was reaching out to the most reputable economists in the world who share his analysis, and that the first to appear on the channel would be Gabriel Zucman. Who Is Gabriel Zucman? Gary opens by contextualising his guest. Zucman is a professor at the Paris School of Economics and…

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