Why the super-rich are paying less tax
The Story
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Wealthy Individuals Paying Less Tax: Reasons and Contradictions
This chapter discusses why many wealthy individuals on the rich list are paying less tax compared to the previous year. It explores the reasons behind this trend, such as lower profits in the struggling economy resulting in lower corporation tax bills and business owners lowering dividends to avoid higher tax rates. The chapter also highlights the contradictions of wealthy people paying less tax at a time when public finances are stretched and there are talks of tax cuts.
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