Think tank: Tax commercial banks to plug public finances
Original Article Summary
The Treasury should tax commercial banks to compensate for the effects of quantitative easing, according to think tank the Institute for Public Policy Research (IPPR). This would be reminiscent of Margaret Thatcher’s 1981 deposit tax on banks, and could save £7-8 billion a year over this parliament The UK taxpayer is spending £22 billion a […] The post Think tank: Tax commercial banks to plug public finances appeared first on PropertyWire.
PropMatch Curated Analysis
IPPR proposes taxing commercial banks to recoup QE losses, amid leaked plans for National Insurance on private landlords' rental income. The think tank suggests this could save £7-8 billion annually and provide fiscal headroom for government spending.
Investor Relevance
Directly relevant as the article mentions leaked plans to charge National Insurance on rental income, which would increase tax burden on landlords. The broader fiscal context suggests government is seeking new revenue sources that may impact property investors.
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