20,000 signatures reached
To: Chancellor of the Exchequer, Rishi Sunak
MAKE OUR TAX SYSTEM FAIRER
Increase the tax paid on profit from unearned assets like shares, second homes and expensive artwork so that it is equal to income tax.
Why is this important?
Our tax system is deeply unfair. People who make their money from selling second homes and expensive artworks pay much less tax than the majority of us when we pay tax on our income.
With the government looking at how to recoup the billions it’s spent during the coronavirus crisis, increasing tax on these profits - called Capital Gains Tax - would be a fair way of helping cover the cost.
It would mean the government wouldn’t need to make cuts or increase taxes that would make life harder for frontline workers, NHS staff and all those who have struggled to make ends meet over the last few months.