💨 Abstract

In the UK, HMRC admits it doesn't know how much tax billionaires pay, sparking a call from the Public Accounts to investigate these contributions, possibly using The Sunday Times Rich List and AI. The committee insists on ensuring fairness and accurate taxation, though HMRC acknowledges the complexity. Meanwhile, the number of UK billionaires decreased to 156, with Gopi Hinduja topping the list, and The King saw a wealth increase to £640 million.

Courtesy: Sarah Hooper