Wealth tax would ‘create unfairness’, IFS says

cityam

Apr 27

Zack Polanski has said a wealth tax would be a "day one" priority. PA Wire Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said...

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PA Wire Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said...</p>\n\n<a href=\"https://www.cityam.com/wealth-tax-would-create-unfairness-ifs-says/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wealth tax would ‘create unfairness’, IFS says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWealth tax would ‘create unfairness’, IFS says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-27 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/wealth-tax-would-create-unfairness-ifs-says/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zack Polanski has said a wealth tax would be a \"day one\" priority. PA Wire Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said...</p>\n\n<a href=\"https://www.cityam.com/wealth-tax-would-create-unfairness-ifs-says/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300738605.USD","symbol_name":"TEMPLETON EMERG MKTS SMALLER CO \"A\" INC","start_time":0,"source_url":"https://www.cityam.com/wealth-tax-would-create-unfairness-ifs-says/","article_id":"2630436156","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/04/Zack-Polanski-1-e1777280261969.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/wealth-tax-would-create-unfairness-ifs-says/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2630436156","pubTimestamp":1777281014,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Green Party leader Zack Polanski claimed before last year that a wealth tax of one per cent on assets over 10m could raise tens of billions of pounds a year. He recently added he would make the policy a “day one” priority.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Labour MPs including Clive Lewis and Bell Ribeiro-Addy separately wrote to Reeves to introduce an “extreme wealth” tax in the Budget.IFS researchers said addressing inequalities in wealth was a “complex” task given the varying measures of distributions and asset ownership. IFS researchers also added that factors that can influence wealth inequalities such as age, inheritance and savings, are also difficult for officials to fully understand. The report said that valuing wealth would be a “huge undertaking” for the government.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300738605.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\" INC","LU0029865408.USD":"TEMPLETON LATIN AMERICA \"A\" INC","BK4207":"综合性银行","LU0128526570.USD":"TEMPLETON LATIN AMERICA \"A\" ACC","IFS":"Intercorp Financial Services Inc.","LU0320763518.SGD":"FTIF - Templeton Latin America A Acc SGD","LU0300738514.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\"(USD) ACC"},"translate_title":"IFS表示，财富税将“造成不公平”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IFS":1.5},"content_text":"Zack Polanski has said a wealth tax would be a \"day one\" priority. PA Wire Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said, as policymakers have been advised to consider the trade-offs involved in addressing forms of inequality. The IFS’ Deaton Review, which involved research conducted over six years, found that an annual levy on wealth would have “serious drawbacks” and lead to problems across policymaking. Researchers at the non-partisan think tank warned that politicians would need to better define inequalities they seek to tackle before introducing radical policies. The new report will serve as a fresh warning for thinkers across the soft-left flank of British politics. Last year’s Budget was mired by wealth tax speculation amid widespread calls from Green Party campaigners and Labour MPs for a new levy to be introduced. \n\nGreen Party leader Zack Polanski claimed before last year that a wealth tax of one per cent on assets over £10m could raise tens of billions of pounds a year. He recently added he would make the policy a “day one” priority. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLabour MPs including Clive Lewis and Bell Ribeiro-Addy separately wrote to Reeves to introduce an “extreme wealth” tax in the Budget. IFS researchers said addressing inequalities in wealth was a “complex” task given the varying measures of distributions and asset ownership. IFS researchers also added that factors that can influence wealth inequalities such as age, inheritance and savings, are also difficult for officials to fully understand. The report said that valuing wealth would be a “huge undertaking” for the government.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}