Duncan tried to tell us that high January income tax figures showed that the 50p tax rate was raising revenue.
Now we\’ve got the OBR saying that there was indeed a surge of income tax.
From people paying themselves early to dodge the 50 p income tax rate.
The Office for Budget Responsibility revealed on Thursday that the Government received about £3bn in tax in 2009 through \”forestalling\” – as the rich brought forward salaries, dividends and other remuneration to avoid the 50p rate.
Note that for those under self-assessment, the final payment for the 2009/10 tax year would be in Jan 2011.
Exactly the month that Duncan used to tell us that the 50 p rate was raising money.
So we\’ll take that as, at best, a not proven as yet shall we?