Who’s Credible on Tax?
– Professor Richard Murphy
For the answer is likely to be “Not thee Professor”
Wealth is taxed more, as it is
dramatically undertaxed now. Labour is right to tax it more. The same is true
of corporation tax, where Labour’s proposed unitary tax base for
international taxation will lead the world, whilst the increase in rates will
simply bring the UK back into line with the world. No one is actually going to
change their behaviour as a result of either reform.
Quite, not thee professor.
As an amusement, think back to only yesterday. Where it became apparent that the 6 richest people identified by the Equality Trust were either non-doms or had emigrated for tax purposes. Under our current taxation system that is.