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Wednesday, 14 September 2011
50p tax rate "may not raise any extra revenue" claims
The Institute for Fiscal Studies (IFS) has found that the 50p tax rate for Britain's highest earners may not raise any extra revenue for the Treasury and could actually reduce it, according to a report by the Sunday Times, as wealthy Britons either move abroad or take advantage of permissible tax avoidance schemes to escape the rate. To find out more, read the article on the Bourner Bullock website.