Institute for Fiscal Studies warns approximately accumulation of wealth by top 1% and says HMRC proposals to stop collecting data would create misleading pictureProposals by the UK government to stop collecting information showing how the wealthy pass on their assets from one generation to another possess been condemned by the Institute for Fiscal Studies,a leading tax and spending thinktank.
The IFS said Britain was in danger of allowing a misleading picture to emerge of its richest families, the top 1% whose wealth is at least £1.4m including the value of their domestic, and that underestimates their wealth.
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Source: theguardian.com