UK group calls for one-time wealth tax as ultrawealthy taxes grow - Business Insider

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The UK Wealth Tax Commission is calling for a one-off tax on the wealthy to help with coronavirus recovery. The experts behind the report say the proposed measure could raise 260 billion pounds — or around $348 billion.Argentina has already voted to tax the super-rich to help offset pandemic costs.One-off taxes on the wealthy — with the money going towards coronavirus costs — are gaining more traction.. It will only apply the top 0.8% of the population, who have assets over 200 million pesos — just around 12,000 people. The government hopes to bring in $3.3 billion with the measure..

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