Monday, 15 August 2011

Chancellor orders HMRC to check revenue stream from 50% rate of tax

BBC News website is reporting as follows:

Chancellor George Osborne has asked the Inland Revenue to check whether the 50p top rate of income tax is actually making money for the government.

Some economists have claimed that tax avoidance and evasion mean the rate is raising less income than expected.

Full story at: http://www.bbc.co.uk/news/business-14515518