Publisher's Synopsis
This book tells about the UK's Top tax rate and why it matters.
In April 2010, the so-called extra rate of income tax of 50% was established for earnings of more over 150,000 pounds ($168,390.00) per year. David Cameron's Conservative-led administration reduced the rate to 45% in April 2013. The number of additional-rate taxpayers has increased from from 200,000 in 2010 to almost 600,000 currently. Many economists claimed it would do nothing to increase GDP and represented a shift away from prudent fiscal management.
