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50% tax for higher earners comes into force
06 Apr 2010 | Filed under: Media ArticlesThe new rate will affect the top 300,000 earners in the UK out of the 29 million paying income tax. The new tax is aimed at raising public finance but there is disagreement over the effectiveness of the new measures. The Institute of Directors argued that the new tax would damage business confidence and foreign investment. “We believe the 50p rate [...]
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