Darling urged to reconsider income tax rate
Research shows proposed new rate will fail to raise expected revenue
The new 45% income tax rate is ‘extremely unlikely’ to raise the revenue
anticipated and Chancellor Alistair Darling should reconsider the move,
according to research.
James Browne, senior research economist of the IFS, said: ‘Alistair Darling’s
income tax increases for the rich will significantly complicate the tax system
and may well raise little revenue.’