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Big ideas of 2015: asset taxes

Assets are easier to identify than profits and in the last decade they have increased hugely in value

Assets are easier to tax than some more nebulous targets

Read the rest of our big ideas of 2015

The decline in UK tax receipts illustrates how hard it is for modern democracies in a globalised world to collect taxes. The decline in corporation tax paid by Britain’s largest companies gives stark evidence of this—in 2007, it constituted half of the tax paid by Britain’s largest companies. Now it represents only a quarter.

As well as companies, governments worldwide have…

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