Latest Issue

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 failed…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect