'It's a game I play to win': how the top 1% really feel about paying tax

After revelations about offshore wealth in the Paradise Papers and the IMF coming out in favour of higher taxes for the rich, we ask some of Britain’s top earners if they feel they pay their fair shareThe Paradise Papers have shed new light on how the world’s richest people hide their wealth offshore, driving up inequality levels across the world. “Tax havens are at the root of a massive intergenerational transfer of wealth which enriches the old and impoverishes the young,” wrote Gabriel Zucman in response to the latest revelations, which are based on leaked company registries from 19 separate tax havens.But how do members of the top 1% (in income terms) really feel about levels of taxation, those who avoid paying it, and how this impacts on society as a whole? Is it time for a clampdown, and do they agree with the IMF’s recent assertion that higher tax rates don’t affect growth? Here’s a collection of their views: Continue reading…
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