Results 1 to 1 of 1
Thread: Maybe they know something we don't know? UK lowering top tax rate
-
03-21-12, 05:35 PM #1
Maybe they know something we don't know? UK lowering top tax rate
News from The Associated Press
Britain's finance minister has cut the rate of income tax for the country's wealthiest citizens but imposed a raft of measures to prevent tax avoidance and a hefty new charge on expensive property sales in an attempt to spread the burden of austerity across the U.K's taxpayers.
In his annual budget statement Wednesday, George Osborne said he was cutting the top rate from 50 percent to 45 percent by April next year on incomes over 150,000 pounds ($239,000) a year. He argued that the original higher rate did not yield as much as expected, partly because the rich were able to avoid the tax.
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks