Path Financial founder David Macdonald has called for a radical overhaul of the UK tax system, arguing the government should shift the burden away from employment and towards pollution, wealth and activities that impose wider costs on society.
Britain's tax system needs a "radical overhaul" if the government is serious about tackling inequality and climate change, Macdonald told Professional Adviser. Founded by Macdonald, Path Financial describes itself as an ethical financial advice firm, with its approach "centred on aligning clients' financial decisions with wider environmental and social considerations". Speaking ahead of the Burnham government's first Budget, Macdonald said policymakers should move away from the incremental increases in taxation seen in recent Budgets and consider fundamentally changing what is taxed a...
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