High earners will cost the public purse hundreds of millions of pounds through tax dodges as they avoid the new 50p rate of income tax, a minister indicated yesterday.
Lord Myners told peers that “behavioural consequences of the new higher rate of taxation” — shorthand for tax avoidance — had forced the Treasury to lower its expectations.
Lord bonus Myners....Lord snake Mandelson....dumbledorf Darling .....and yellow streak Brown!
For the benefit of the Treasury....That is FOUR people.....who profess to be wizards of finance...frankly I doubt if they could count their loose change!
This, together with Bankers bonuses,and a disastrous economy tells us what level of financial expertise they have between them!
It was predicted that raising the top band to 50p would see precious little revenue in return - but dumbledorf Darling has based his spending plans on the basis that there would be increased revenue so once again, Treasury figures will turn out to be a load of hogwash.
Yellow streak Brown, you can fool some of the low paid some of the time but you can't fool any of the highly paid any of the time.
You are the epitome of old socialism and have no part to play in a modern economy. You've had 13 years to do something constructive but even at this late hour you still want to steal the prudent's hard earned wealth to dole out to the miscreants you succour to keep you in a job you can't do.
The election will bring change....what?.....anything is better than this shambles!