Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


£ 509 million

is the drop of tax revenue in the UK compared with January 2011. The natural explanation that comes to mind is the increase of the marginal tax rate from 40 to 50% for incomes over £150 000, especially given the fact that most other taxes produced higher revenues over the same period.

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