Politicians have to learn that the highest tax rate isn’t a guaranteed approach to economic success, says IoD Director General Simon Walker Being “in it together” has been a theme of the coalition’s approach to tax and spending. The disclosure early in its term that entertainers and businesspeople had used legal, government-designed tax breaks to minimise personal liability stoked controversy. Remember the schemes which offered tax reliefs to encourage films to be made in Britain? Taxpayers who invested in these schemes and saved tax were using a government relief, not abusing the tax system. There is scant sympathy in the … Read More »
↧