Rejected petition Apply a 2% tax on all assets worth more than £10 million

Implement a 2% levy on individuals who own assets worth more than £10 million.

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This tax would impact only 0.04% of the population but is estimated to raise £22 to £24 billion annually. The government needs this essential funding, which would help reduce inequality in the country and prevent a recession.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

The following petition calls for a similar action:

Introduce a 2% wealth tax on assets over £10 million & tax reform
https://petition.parliament.uk/petitions/721409

We only reject petitions that don’t meet the petition standards.

Date submitted 16 March 2025
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