Tax and Social Security
Our Executive Director writes on the need for Universal Credit to be reformed.
Over 7.5 million households could fall into debt while waiting for Universal Credit payments, should they lose their jobs or become too ill to work, according to new research from The Equality Trust.
Britain's poorest households pay a greater proportion of their income in taxes than the richest, according to new data from the Office for National Statistics (ONS). Analysis of the ONS' Effects of Taxes and Benefits publication, released today, found:
The Equality Trust's report on tax, Unfair and Unclear, was quoted in the Observer.
The Equality Trust has responded to the IPPR's report on economic justice, published today. The report noted the UK's high levels of inequality and called for fairer taxation and redistribution of wealth. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:
The Equality Trust's response to personal tax allowance increases quoted in a Labour List article on the Budget.
The Equality Trust has today responded to the release of the Paradise Papers. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:
While the UK's benefits system is progressive, our tax system places a disproportionately heavy burden on the poorest when compared to the richest, exacerbating the UK's already extreme levels of inequality.
Britain’s poorest working parents lose more of their earnings through taxes and social security withdrawal than the richest 1 per cent, and should be allowed to keep more of the money they earn.
Tax has long been an important area of public and political debate in the UK. Who pays what, who avoids tax, and whether tax is ‘fair’ are questions that are regularly tackled in our press and in Parliament. But much of this debate is based upon a reductive and misleading account of tax.