Cutting income tax for people earning more than £1m per year has deprived the Exchequer of more than £11.1bn over the past sixyears, according to new analysis by UNISON published today (Sunday). The government’s decision to reduce the top rate of income tax from 50p to 45p in April 2013 has also saved the rich […]
Tax
Responding to the Public Accounts Committee report on PFI published today (Wednesday), UNISON general secretary Dave Prentis said: “The report confirms what UNISON has said all along – PFI simply isn’t working for the taxpayer. “It’s a damning indictment that after more than 25 years the Treasury still has no data on the benefits of PFI. “The […]
Governments should not be afraid to make the case for higher taxes to pay for the investment in pay, services and infrastructure our country needs. A higher rate of income tax for those who can most afford it would be a sensible and rational start.
Cutting the income tax for people earning more than £1m per year has deprived the Exchequer of more than £8.6bn over the past five years, according to new analysis by UNISON published today (Sunday). The April 2013 decision to cut the top rate of income tax from 50p to 45p has also saved the richest […]
Tax avoidance on this scale is simply the poorest paying the price for the grubby venality of the rich. Governments around the world now need to develop concrete and workable solutions to root out tax avoidance and crack down on tax havens. David Cameron has planned a summit in May, but warm words will be insufficient.