Shadow chancellor John McDonnell said the introduction of greater transparency would help reduce tax avoidance.
He said Labour is drawing from the systems in Scandinavian countries, such as Noway and Sweden, where the practice is common.
Speaking on his LBC show, Mr Farage accused Mr McDonnell and Labour of “hating people who have done well”.
He said: “Surely there must be plenty of people on low incomes who evade tax, it’s not just people on high incomes who evade tax.
Nigel Farage has blasted Labour Party tax plans, claiming they would cause the public danger
This isn’t about tax evasion this is about pure jealously
“This isn’t about tax evasion this is about pure jealously, this is about hating people who have done well!
“I’m surprised you don’t actually say that, maybe mobs should gather in the streets outside their houses and throw stones at their windows because if you do this to people you will actually make them vulnerable to public attack.”
Mr McDonnell claimed the move would help restore trust in society, while reducing tax evasion would help ensure public services are funded more generously.
He said: “The first thing is making sure that tax avoidance and tax evasion are tackled properly; and the second issue is making sure that you invest rather than give it away.
“At the moment we’re getting the worst of all worlds – they don’t collect it; they don’t tackle it; and at the same time what they do collect, they give away.”
The key Labour figure also warned Chancellor Philip Hammond he must come up with extra money for social care and the NHS when he delivers his first budget next week.
In a speech in London, Mr McDonnell said the Government’s plans do not come close to addressing the scale of the crisis the NHS is facing.
Corbyn looks crushed following by-election defeat Fri, February 24, 2017
Labour leader Jeremy Corbyn leaves his home following a humiliating blow by the Conservatives after snatching Copeland in a by-election victory. The struggling politician was talking on the day his party lost a by-election to the government, the first time this has happened in over 30 years.
Adam Gray / SWNS.com 1 of 10
Jeremy Corbyn is seen at Savoy Place in London where the Labour leader was giving a speech on Brexit
“The experience on the ground of patients, doctors and nurses is of a treasured institution already drifting into the greeting crisis in its history,” he said.
“Current plans from the government do not come anywhere close to addressing the scale of the crisis, even in an optimistic scenario.
“It is essential that they now bring forward plans to close the funding gap if we do not want to lose our NHS.”