Why Are We Giving The Rich Benefits?

17th April 2024

The UK's wealthiest people get an average of more than £8,000 a year in total tax reliefs on their pension contributions - which is as much as some pensioners get from the state and vastly more than Universal Credit permits. Why do we have a tax system that so heavily subsidies the wealthy when so many live in poverty?

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.