MP questions tax cut for big earners
SOUTH Wales MP Jonathan Edwards has challenged the Government over plans to cut the top rate of tax for higher earners.
Chancellor George Osborne controversially announced a cut in the 50p top rate of income tax in his March Budget.
In a debate, Mr Edwards said he did not buy into the idea that the "tax cut will make those avoiding the 50 per cent rate choose to contribute to society by paying at the 45 per cent rate."
"What the Treasury should be doing . . . is closing down all the clearly aggressive tax avoidance schemes," Mr Edwards said.
Business Cards From Only £10.95 Delivered www.myprint-247.co.uk
View detailsOur heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, June 30 2013
"This tax cut for the mega-rich leaves a bitter taste in the mouth."
He said public sector workers in his constituency faced pension changes, meaning they have to pay more in, and get less out and that living standards for private sector workers were being squeezed.
"It is not acceptable that we are in a society which tells those at the bottom that they have a culture of entitlement, while those at the top get huge and unnecessary tax cuts."
Comments
by weslangdon
Friday, July 06 2012, 9:04PM
“He's correct; similarly the monies defrauded by benefit cheats that this newspaper likes to scream about is trivial compared with the billions lost by tax evasion and avoidance. Wouldn't it be nice if the Inland Revenue published weekly lists of tax cheats!”