You are here: Home - Household Bills - News -

Tax is not just something for ‘the little people’, says the TUC

0
Written by:
01/06/2012
Brendan Barber speaks out on latest government figures highlighting the super-rich who pay less than the basic rate of tax.
Tax is not just something for ‘the little people’, says the TUC

Commenting on government figures showing the numbers of super-rich individuals in the UK that pay less than the 20% basic rate of income tax, TUC general secretary Brendan Barber said: “These are truly shocking figures. For too many of Britain’s super-rich, tax is something for the little people.

“Unfortunately the government is making the mistake of trying to deal with tax reform in a piecemeal way – one day rewarding the very wealthy with a cut in their tax rate, the next trying to unpick their allowances that benefit charitable institutions.

“Instead what we need is a proper and comprehensive review of our tax system – one that sets out to make tax fair for everyone and means the super-rich start to pay effective tax rates much higher than the seemingly voluntary rates they pay at the moment.”

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2179319-plane-on-take-off
‘Abroad fraud’ warning for benefit thieves

With summer approaching, Iain Duncan Smith, secretary of state for work and pensions, is sending a warning to people who...

Close