Tax Justice UK
  • Home
  • Projects
    • Taxing Wealth
    • Tax and public opinion
    • Tax and the climate crisis
    • Ending tax dodging
  • About
    • Our approach
    • People
    • Funders
    • Sign up
    • Jobs
  • Blog
  • Donate

$2 million for a bottle of whiskey?!?

13/1/2022

 
Picture
Image credit: The Craft Irish Whiskey Co.
The year already looks set to be dominated by concerns about the cost of living. The price of heating your home, feeding your family and other living expenses is already rocketing.  

So it was startling to learn that some people have pockets deep enough to pay $2 million for a single bottle of whiskey. 

It’s a jarring reminder of what wealth inequality looks like. This is in the midst of a pandemic in which the wealthy have seen their riches grow, while those with less have struggled.
 
Our Executive Director, Robert Palmer, was in the Guardian and the Financial Times this week commenting on new government figures on wealth. Analysis from the Office for National Statistics shows that wealth inequality is entrenched in this country. 

It’s highly likely that the official statistics underestimate the true level of inequality, as academics Arun Advani and Hannah Tarrant pointed out. 

Over the last thirty years, the level of wealth in this country has ballooned. At the same time taxes on wealth have barely budged. 

This is why Tax Justice UK will continue to press for wealth tax reform during 2022. 

The ongoing cost of living crisis is also why we joined with 27 organisations to urge the government to respond to the massive increase in energy bills. In a joint letter to the Prime Minister and Chancellor, we called for emergency funding for the most vulnerable, funded in part by a windfall tax on the fossil fuel industry. The organisations involved include Greenpeace, Age-UK and Save the Children.

At Tax Justice UK we have lots of other exciting plans for this year. We will continue to be a loud voice calling for tax justice. We hope you can join us in this. 

​

Comments are closed.

    Posts

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    March 2019
    January 2019
    December 2018
    November 2018
    October 2018
    June 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    August 2017
    June 2017
    May 2017

    Categories

    All

    RSS Feed

Tax Justice UK is a Company Limited by Guarantee in England & Wales (no. 10761736)
Registered Address: C/O Godfrey Wilson, ​Mariner House, 62 Prince St, Bristol BS1 4QD

Tax Justice UK is a partner of (but independent from) the Tax Justice Network

Privacy policy
Terms and conditions for using this website
Equality and Diversity Statement

If you have concerns about Tax Justice UK, you can make a complaint using this email address complaints@taxjustice.uk.

This website is published under the Creative Commons Attribution Licence
​Tax Justice UK campaigns for a better tax system to benefit everyone in the UK.
Media enquiries:  +44 (0)7413 729 505 (24hrs) 
Phone: +44 (0)20 3637 9137
​Email: mail AT taxjustice.uk
Picture
  • Home
  • Projects
    • Taxing Wealth
    • Tax and public opinion
    • Tax and the climate crisis
    • Ending tax dodging
  • About
    • Our approach
    • People
    • Funders
    • Sign up
    • Jobs
  • Blog
  • Donate