Does the UK tax system favour wealth over work?

The UK tax system contains seven structural biases that favour wealth, including lower capital gains rates, use of private companies for tax sheltering, offshore planning, regressive VAT, exemptions on wealthy spending, inheritance tax loopholes and a council tax system biased toward high-value properties. These mean the wealthy often pay a lower share of their income in tax than ordinary workers. Reforming existing taxes could raise over £50 billion a year without introducing a wealth tax.