The @OECD calls for reforms of the UK tax system to make it more efficient and fairer as we build back from the covid crisis https://www.oecd-ilibrary.org/economics/oecd-economic-surveys-united-kingdom-2020_2f684241-en 1/
The OECD wants the UK to scrap tax reliefs that "do not serve an economic or social purpose". This includes current tax subsidies to polluting industries 2/
Council tax should be replaced with a fairer proportional property tax while stamp duty should be scraped - see work by @FairerShare 3/
People shouldn't be able to pass pensions on tax free - this is currently a subsidy for some of the wealthiest people in the country 4/
HMRC should ramp up the number of targeted audits as part of drive to clamp down on tax dodging. This is in line with the findings from @arunadvaniecon that each extra tax auditor would bring in their own salary plus that of 4 extra nurses https://www.smf.co.uk/publications/uncollected-tax-revenue-underpaying/ 5/
The UK should curb the ability to pass on business property entirely tax free. As @TaxJusticeUK revealed, the bulk of this tax loophole goes to the wealthiest families https://www.taxjustice.uk/uploads/1/0/0/3/100363766/in_stark_relief_final_lr.pdf 6/
Debt financing gets huge tax breaks compared to raising money through equity. The tax rate on new equity is 7% higher than on debt. This leads to private equity loading companies up with debt leading to financial instability. We called for this to end https://www.taxjustice.uk/uploads/1/0/0/3/100363766/a_manifesto_for_tax_equality.pdf 7/
The OECD says the UK is one of the least restrictive countries when it comes to business regulations. This undermines the case for a bonfire of red tape 8/
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