Summary
Nothing is more likely to bring a government crashing to its knees that the threat of punitive taxes which do not reflect people's ability to pay. That's a fact that should be engraved on the forehead of every politician who even contemplates filling the coffers by squeezing the public's pockets.
It's a point, however, that appears not even to have registered on Chancellor Gordon Brown's radar. The man who would be the next Labour Party leader, and the Prime Minister of Britain, has set in place a system of taxation that could see many people paying ever more for diminishing returns.See the full content of this document
Extract
Tax Regime Will Surely Backfire
How has he got away with this conjuring act for so long? The Chancellor's reputation rests on his famed prudence and sound economic management married to increases in spending on ...
See the full content of this document
Sponsored links
