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Reposted by Tax Justice UK

Oxfam EU @oxfameu.bsky.social · 1d

📢 EU Billionaires’ wealth surges by over €400bn in first half of 2025.

That’s over €2bn a day.

🔗https://www.oxfam.org/en/press-releases/eu-billionaires-wealth-surges-over-eu400-billion-first-half-2025

#TaxTheRich

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

Ways to Get Rich in the UK (2025 Edition)

1⃣ Be born into a rich family
[END LIST]

Inequality is obscene and becoming more and more entrenched. We need a #WealthTax.
www.lbc.co.uk/article/almo...

Almost impossible for Brits to work their way to being rich, says report | LBC

The average worker would need to toil away and bring in more than a lifetime's worth of earnings in order to become wealthy, according to analysis by a think tank.

www.lbc.co.uk

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

If the government is serious about tackling inequality, it's time to invest and make sure HMRC has the tools to take on the super-rich tax dodgers and their clever accountants.

If they collect the taxes they’re actually owed, maybe we could all actually find an NHS dentist. 5/5

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

HMRC’s current estimate of the total tax lost to offshore accounting is £300 million.

Given the estimated £849 billion being held offshore by UK tax residents, many experts think this is a laughable under-estimate, plus its based on data from 2018!
taxwatchuk.org/offshore-tax...

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£300m lost to offshore avoidance by UK residents in 2018

HMRC's first offshore tax gap report looks to understate losses at £300m

taxwatchuk.org

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

The Public Accounts Committee found that HMRC doesn't even know what tax billionaire’s have been paying, let alone what they should be paying.

Or how much tax is being dodged by hiding cash and assets offshore...

3/5
news.sky.com/story/hmrc-d...

HMRC 'doesn't know' how many billionaires pay tax in the UK

"There is much public interest in the amount of tax the wealthy pay. People need to know everyone pays their fair share," a group of MPs warn.

news.sky.com

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

This shows that investing in data, tech and talent for HMRC will likely pay for itself many times over.

That's because HMRC can't collect what they can't see.

🏝️💸And the super-rich are likely hiding £billions from them in offshore accounts.

How much⁉️ They have no idea...

2/5

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Tax Justice UK @taxjusticeuk.bsky.social · 1d

Is this the answer to HMRC's billionaire blindspot 👀🤑? 🧵 1/5

A new report in the FT shows that HMRC clever 'big data' tech tools enabled HMRC to recoup £4.6billion in unpaid taxes last year.

That's more than the entire budget for NHS dentistry!

ft.com/content/4733...

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Tax Justice UK @taxjusticeuk.bsky.social · 2d

Every year, $100s billions that should be funding schools, hospitals & social care is disappearing into tax havens to fuel crime, conflict & new private jets.

The UK facilitates 26% of this global tax abuse, and has the power to expose it.

Demand they act.
taxjustice.eaction.org.uk/iP_tax-haven...

Expose tax haven secrets

No more secrets, no more safe havens for dirty money.

taxjustice.eaction.org.uk

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Tax Justice UK @taxjusticeuk.bsky.social · 3d

If you do one thing today ▶️ Use
@positivemoneyuk.bsky.social 's handy tool to email your MP and demand the government #TaxTheBanks!👇

Positive Money UK @positivemoneyuk.bsky.social · 3d

🚨 Bank taxes on the front page of The i today! 🚨

Our #TaxTheBanks campaign has never felt this close to a win - now we need you to email your MP to get it over the line!

Head to bit.ly/TaxTheBanksMP... and use our template today!

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Tax Justice UK @taxjusticeuk.bsky.social · 5d

Trump’s pressuring the UK to axe the 2% Digital Services Tax (DST) on tech giants like Amazon, Meta and Google — one of the few taxes they actually pay.

Scrapping DST could cost us £5.2bn. Starmer is apparently ready to cave.

📧 Write to your MP today.
taxjustice.eaction.org.uk/protect-the-...

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Tax Justice UK @taxjusticeuk.bsky.social · 6d

#WealthTax now.
www.bbc.co.uk/news/article...

Musk becomes first person ever to see wealth top $500bn

The rise has been driven by a sharp increase in the value of his electric car company Tesla.

www.bbc.co.uk

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Tax Justice UK @taxjusticeuk.bsky.social · 7d

If you have less than £10 million in cash & assets, our #WealthTax won't cost you a penny.

If you do? Lucky you! You're one of the 20,000 richest people in the UK. Our wealth tax would still only cost you 2p in every £1 over £10 million.

Our own Fariya Mohiuddin on @waleswbg.bsky.social's podcast

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Reposted by Tax Justice UK

War on Want @waronwant.bsky.social · 7d

"Countries are losing $492 billion in tax a year to multinational corporations and wealthy people".

Caitlin Boswell from @taxjusticeuk.bsky.social speaking at our fringe #LabourPartyConference event, ‘Billionaires for Breakfast’.

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

You can’t fix inequality with vibes. Starmer should try tax policies instead.

A #WealthTax won’t fix all the UK’s problems, but it would be a start.

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

Our reaction to #KeirStarmer's speech at #LabourPartyConference.

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

Lloyd Hatton MP follows up: fair taxation is a way to counter the rise of the populist right. Adds investment in HMRC needs to go toward enforcement of taxation of the super rich.

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

Lloyd Hatton MP speaks to the capacity HMRC needs to track the number of super wealthy people in the UK and what their wealth is!

HMRC compliance brought in £5.2 billion, but the tax gap is over £46 billion!

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

Arun Advani of @centaxuk.bsky.social explaining how we can equalise Capital Gains Tax with income tax to raise over £10 billion.

It could raise this even by including an investment allowance would lift many people out of paying CGT!

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Tax Justice UK @taxjusticeuk.bsky.social · 9d

Trump’s pressuring the UK to axe the 2% Digital Services Tax (DST) on tech giants like Amazon, Meta and Google — one of the few taxes they actually pay.

Scrapping DST could cost us £5.2bn. Starmer is apparently ready to cave.

📧 Write to your MP today.
taxjustice.eaction.org.uk/protect-the-...

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Tax Justice UK @taxjusticeuk.bsky.social · 10d

Great to see Dr. Susan Hawley of @spotlightcorruption.org speaking about the need for public registers of beneficial ownership in the British Overseas Territories.

These long-overdue transparency measures must be fully accessible to crack down on tax abuse.

Tax Justice UK @taxjusticeuk.bsky.social · 10d

Joining partners @ukanticorruptioncoalition.org discussing ‘fighting corruption in the Trump era’ with @philbrickellmp.bsky.social, @liambyrnemp.bsky.social & others.

Dark money must be kept out of politics. Transparency helps tackle tax abuse and other illicit financial flows.

People sit facing a panel of speakers. The background is lit up in red.

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Tax Justice UK @taxjusticeuk.bsky.social · 10d

Joining partners @ukanticorruptioncoalition.org discussing ‘fighting corruption in the Trump era’ with @philbrickellmp.bsky.social, @liambyrnemp.bsky.social & others.

Dark money must be kept out of politics. Transparency helps tackle tax abuse and other illicit financial flows.

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Tax Justice UK @taxjusticeuk.bsky.social · 10d

Our reaction to Chancellor #RachelReeves' speech at #LabourConference today:

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Tax Justice UK @taxjusticeuk.bsky.social · 11d

Now Phil White of @patmillsuk.bsky.social speaks to how extreme wealth corrodes democracy and how a wealth tax is urgent (and has support from millionaires like him) as the Government must raise living standards for people.

Says small opposition to wealth taxes is loud because of vested interests!

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Tax Justice UK @taxjusticeuk.bsky.social · 11d

@bellribeiroaddy.bsky.social MP speaks to how a wealth tax would focus only on the very richest: those with over £10 million, and that it would only be a small tax (2% on wealth over this)!

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Tax Justice UK @taxjusticeuk.bsky.social · 11d

Our Head of Advocacy Caitlin speaks to how the UN Tax Convention can deliver a fairer, inclusive & more sustainable global financial system.

$492 billion is lost each year to tax abuse. Global cooperation is needed to tackle this, the UK should lead and engage in negotiations constructively.

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