Experts Warn Taxing Drive Entrepreneurs the Rich Could Out of Wales
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Summary
THE Government's new 50% tax rate risks making Wales' tiny band of high earners even smaller by forcing wealth creators and companies out of the country, economists warned last night.
Instead of generating more cash for the Treasury, the policy - one of the most controversial sections of Wednesday's Budget - will simply create business for tax advisers and accountants as those who fall into the new bracket seek a way out.See the full content of this document
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Experts Warn Taxing Drive Entrepreneurs the Rich Could Out of Wales
In Wales, the proportion of people earning more than pounds 150,000 - the new figure at which the top rate of income tax kicks in - is tiny.
Only around 10% of the Welsh workforce is on over pounds 37,987 a year.Acros...See the full content of this document
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