Economic News

Bonuses surge, the reason is tax

April was a good month for bonuses. The reason is not hard to see. The upper tax rate was cut from 50 to 45 per cent in April so a lot of bonuses were deferred from the previous financial year. In all, April saw no less than £4.2 billion paid...Read More

Tax havens keep governments in check!

“The existence of tax havens, coupled with high mobility of capital, means governments are constrained in the tax rates they could otherwise apply - crucial for both wealth and job creation,” or so says the Institute of Economic Affairs.
These are brave words, given the current climate.

The Institute...Read More

Posted Jun 21, 2013

In the 21st Century, taxes may need to be much, much higher

These words were recently spoken by Thomas L Hungerford of the US Congressional Research Service. He said: “The top [US] income tax rates have changed considerably since the end of World War II. Throughout the late-1940s and 1950s, the top marginal tax rate was typically above 90 per cent; today it...Read More

Posted Sep 24, 2012

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