Solution-Evaluate whether introduction of new additional

Evaluate whether introduction of new additional rate of tax

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Reference no: EM13342629

In April 2010 a new Additional Rate of tax of 50% was introduced for those earning over £150,000. In addition, a phased withdrawal of the personal allowance for those with incomes over £100,000 was also implemented. This top rate was reduced to 45% by the current Coalition Government, but with a general election due next year the debate surrounding the appropriate top rate of tax has re-emerged.

You are required to write a report to evaluate whether the introduction of a new additional rate of tax actually raised as much tax as was estimated by the Government ; and whether theory of tax supports the concept of increasing the rate of tax for high earners.

Reference no: EM13342629

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Evaluate whether introduction of new additional rate of tax

Reference no: EM13342629

Reference no: EM13342629

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