Loading

Universal Contributions

Henrietta Moore (Institute for Global Prosperity), Andrew Percy (Institute for Global Prosperity, UCL), Rayhaan Lorgat (Institute for Global Prosperity), Katrina Moseley (Institute for Global Prosperity)

Abstract

G7 countries will need to better align their tax systems with social protections to create the reciprocity necessary to support stronger social cohesion.

A combination of tax simplification and direct assignment of revenues from private taxes to universal protections creates a sustainable fiscal structure that enables stronger cohesion.

Amidst the rising cost of living, post-pandemic recovery and the urgent need to meet net zero requirements, our proposals for tax reform and implication provides a clear example of how such reforms using analysis from a G7 country such as the UK can foster greater social cohesion and solidarity. We argue that using a flat rate definition of incomes where both active (earned) and passive (unearned) incomes are treated equally forms the basis of a more socially just and equal society.

Authors

Henrietta Moore (Institute for Global Prosperity), Andrew Percy (Institute for Global Prosperity, UCL), Rayhaan Lorgat (Institute for Global Prosperity), Katrina Moseley (Institute for Global Prosperity)

Latest Policy Briefs

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to contact@global-solutions-initiative.org or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.