L

Lord Sikka (Lab)

Speaking in the House of Lords on 14 July 2025

Debate

Tax on Imports under £135

Contribution

Can I help the Minister on how to collect a lot more in tax revenues by attacking the anomalies? By taxing capital gains and dividends at the same rate as wages, and by charging national insurance at the same rate, the Government could collect around £15 billion a year. Another £14.5 billion could be raised by restricting tax relief on pension contributions to basic rate only. Can the Minister explain why the Government have not tackled anomalies that favour the wealthy?

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