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U.K.’s 25% Tax Hike on the ‘Rich’ Produces Less Revenue

TaxProf Blog:

The Telegraph, 50p Tax Rate 'Failing to Boost Revenues’:

The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period. ... continues...

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