Tax Anomalies, Cowards and Encouraging Cheating

European Union Taxation Comment and Analysis Financial Services

A competent Conservative Government would have rectified the anomaly of taxable income between £100,000 and £125,140 being subject to an effective tax rate of 60%. It is clearly anomalous for the effective tax rate to rise from 40% to 60% on income in this band and then fall to 40% on income between £125,141 and £150,000 before rising to 45% on inc...