WTF did Brownsnot expect? Charge the smartest people in society 50% tax and they find ways of avoiding it. Same here in Holland; the top rate of tax is 52%, but almost nobody pays it; those who do only pay it for the sake of getting the 52% tax relief on mortgage interest and pension premiums and the rest avoid it by either;
- working less hours
- paying themselves dividends (sometimes in a low corporation tax country)
- or artificially bumping up business costs to avoid making too much profit (staying in the Amstel hotel for the last few weeks of the year if it looks like the business might be too profitable)
Close down those last two options and I’ll either work less or f**k off somewhere else.
When will politicians and their voters understand that people are simply not prepared to pay 50% tax, with the possible exception of Swedes who get it all back in subsidized houses, lots of paid holidays and cheap volvos?
http://www.timesonline.co.uk/tol/new...cle7011728.ece
- working less hours
- paying themselves dividends (sometimes in a low corporation tax country)
- or artificially bumping up business costs to avoid making too much profit (staying in the Amstel hotel for the last few weeks of the year if it looks like the business might be too profitable)
Close down those last two options and I’ll either work less or f**k off somewhere else.
When will politicians and their voters understand that people are simply not prepared to pay 50% tax, with the possible exception of Swedes who get it all back in subsidized houses, lots of paid holidays and cheap volvos?
http://www.timesonline.co.uk/tol/new...cle7011728.ece
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