Posted by Tax Innovations on 07 Sep 2011
Coalition must Ditch 50p Tax Rate for Growth – FT.com
An open letter from some twenty economists was published to in the Financial Times – Coalition must ditch 50p tax rate for growth – FT.com.
The letter raised concerns that the 50p income tax rate on higher earners is causing lasting damage to the UK economy and making the UK an unattractive business destination for foreign investors and workers.
There is as yet no response from a Government spokesperson.
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