Why the super-rich are paying less tax
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 26 January 2024
⏱️ 24 minutes
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Summary
A Russian-born trader and a billionaire who admitted to fraud have topped this year’s Sunday Times Tax List, but more than two-thirds of the 100 individuals and families on the list contributed less tax this year. So, at a time when the tax bill for most people is up, who is paying less, and why?
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Guest: Robert Watts, Contributor, The Sunday Times.
Host: Luke Jones.
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Transcript
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| 0:00.0 | Matt Chorley, Politics Without the Boring Bits. |
| 0:04.0 | Do you like the Red Box Podcast? |
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| 0:11.0 | It's exactly the same, but with a new name, a new logo, and even... B and the big thing download the all new politics without the boring bits wherever you get |
| 0:25.8 | your podcasts. |
| 0:27.8 | It's an election year, so on top of everything else people are arguing about, many are asking |
| 0:38.7 | themselves, am I paying too much tax? |
| 0:41.7 | In the last four years, five chancellors have said they want to cut |
| 0:44.7 | taxes. In reality the opposite has happened. Taxes have been rising to near historic |
| 0:49.6 | highs. But have you ever wondered who is paying the most tax and whether this year they're |
| 0:58.0 | paying more or maybe less? You're listening to stories of our times from The Times and the Sunday Times. |
| 1:05.0 | I'm Luke Jones. Today, the Sunday Times Tax List inside the tax bills of the super-rich. My name is Robert Watts. I'm the compiler of the Sunday Times Tax List and the Sunday Times Rich List. |
| 1:29.0 | What do wealthy people say when you invariably meet them and you introduce yourself with that? |
| 1:34.0 | It's a real mix. I mean, some of these people think what we do is incredibly nosy, it's a gross invasion of their privacy. Some of them consider being on the Sunday |
| 1:46.0 | Times rich list or tax list to be a badge of honor, something that they're proud of, it's something |
| 1:51.2 | they feel shows that they've achieved a lot and they kind of want that |
| 1:57.2 | acknowledgement. It's strangely similar to the honor system for these people. |
| 2:02.4 | And how do you go about the honor system for these people. |
| 2:02.6 | And how do you go about compiling the tax list? |
| 2:06.6 | Let's talk about that because that's what we're discussing today. |
| 2:08.3 | How do you go about actually finding the information for that? |
| 2:11.2 | The tax list measures the tax paid by high net worth individuals, business owners, celebrities, |
... |
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