Scottish Fiscal Commission thinks that £45 million of the potential £53 million raised from an additional 1p on the top rate of income #tax will be lost in the first year due to behavioural changes
by Buachaille
Scottish Fiscal Commission thinks that £45 million of the potential £53 million raised from an additional 1p on the top rate of income #tax will be lost in the first year due to behavioural changes
by Buachaille
1 comment
So raising the top rate of tax, which I in principle don’t have an issue with, is calculated to raise no money. Why do it then? To encourage people on higher incomes to be based down south or to put more in pensions etc?