Mansion tax wouldn't fill Budget black hole, economists warn Reeves
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Mansion tax wouldn't fill Budget black hole, economists warn Reeves
"Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story."
"Rachel Reeves has been warned that her reported plans for a mansion tax would not fill the 50bn Budget black hole and that UK property taxes need a much wider overhaul. The chancellor is said to be considering a levy on owners of properties worth at least 2m, who would face an annual charge of 1 per cent of the amount over that threshold"
The Independent emphasizes funding for on-the-ground journalism across issues from reproductive rights to climate change and Big Tech. Investigations include financial scrutiny of Elon Musk's pro-Trump PAC and a documentary, 'The A Word', spotlighting American women fighting for reproductive rights. The outlet avoids paywalls, relying on donations and support from those who can afford it to keep reporting accessible across the political spectrum. In UK politics, Rachel Reeves faces warnings that a proposed mansion tax on properties over £2m would not fill a £50bn Budget gap, prompting calls for a comprehensive property tax overhaul, including council tax reform and scrapping stamp duty.
Read at www.independent.co.uk
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