Labour's Tax Plans
Closing Non-Dom Tax Loopholes and Reducing Tax Avoidance
The Labour Party has announced plans to raise an extra £5 billion a year by closing non-dom tax loopholes and reducing tax avoidance. The party says it will pay for its policies through £85 billion in annual tax rises.
Specific Measures
The Labour Party's tax plans include:
* Closing non-dom tax loopholes: This would raise £2 billion a year. * Reducing tax avoidance: This would raise £3 billion a year. * Increasing taxes on oil firms: This would raise £1 billion a year. * Increasing taxes on private schools: This would raise £1 billion a year.The Labour Party says that these measures are necessary to ensure that everyone pays their fair share of tax. The party also says that the money raised from these measures will be used to fund public services such as healthcare and education.
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