{"id":104849,"date":"2019-03-09T14:30:09","date_gmt":"2019-03-09T07:30:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/actually-the-rich-pay-lots-of-tax-but-on-income-not-their-wealth-patrick-collinson\/"},"modified":"2019-03-09T15:05:14","modified_gmt":"2019-03-09T08:05:14","slug":"actually-the-rich-pay-lots-of-tax-but-on-income-not-their-wealth-patrick-collinson","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/actually-the-rich-pay-lots-of-tax-but-on-income-not-their-wealth-patrick-collinson\/","title":{"rendered":"Actually, the rich pay lots of tax. But on income, not their wealth | Patrick Collinson"},"content":{"rendered":"


\nRather than cut income tax, the government would do better to tax the country\u2019s real wealthWe know that giant multinationals are engaged in industrial-scale tax avoidance. We know from the Panama and Paradise papers how some individuals will use every offshore trick to dodge taxes. We know that billionaires flock to Monaco to hide from any responsibility to their fellow citizens back home. But let\u2019s not deceive ourselves about who is paying which taxes and who isn\u2019t.HM Revenue & Customs this week published an analysis of the income tax paid in the UK by salary band, region and gender. In total we paid \u00a3174bn income tax in 2016-17, the latest year for which figures are available. But of that, \u00a352.5bn \u2013 nearly a third of all tax raised \u2013 was paid by the 381,000 taxpayers who earn more than \u00a3150,000 a year. The tax paid by those 381,000 individuals (overwhelmingly male) was more than all the income tax paid by the first 20 million taxpayers. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Actually, the rich pay lots of tax. But on income, not their wealth | Patrick Collinson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rather than cut income tax, the government would do better to tax the country\u2019s real...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104849","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rh7","jetpack-related-posts":[{"id":47643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-not-true-that-the-top-1-pay-27-of-tax-letters\/","url_meta":{"origin":104849,"position":0},"title":"It\u2019s not true that the top 1% pay 27% of tax | Letters","date":"March 11, 2017","format":false,"excerpt":"\r In her column discussing the budget (9 March), Zoe Williams asserted that \u201cthe top 1% of British earners pay 27% of the United Kingdom\u2019s tax\u201d. No \u2013 this is wrong. The top 1% of earners pay 27% of income tax, but income tax raises just 27% of the UK\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/george-osbornes-great-income-tax-pretence-letters\/","url_meta":{"origin":104849,"position":1},"title":"George Osborne\u2019s great income tax pretence | Letters","date":"May 5, 2016","format":false,"excerpt":"\r Now that April pay slips are appearing, the government\u2019s posturing about cutting taxes and helping \u201chard-working families\u201d is being shown to be a complete falsehood. My partner is a middle manager in the public sector. She has received a 1.2% pay rise and an increased income tax personal allowance,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elmbridge-again-comes-top-for-income-tax-contributions\/","url_meta":{"origin":104849,"position":2},"title":"Elmbridge again comes top for income tax contributions","date":"May 2, 2016","format":false,"excerpt":"\r Area in Surrey known as \u2018Beverley Hills of Britain\u2019 paid almost 3.7 times UK averageElmbridge in Surrey has been as the closest thing Britain has to Beverley Hills after residents once again paid on average the highest levels of income tax in the UK.Research by UHY Hacker Young, found\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abolish-20-taxes-and-set-15-flat-rate-of-income-tax-in-uk-says-report\/","url_meta":{"origin":104849,"position":3},"title":"Abolish 20 taxes and set 15% flat rate of income tax in UK, says report","date":"November 2, 2016","format":false,"excerpt":"\r Institute for Economic Affairs says changes would make those at top 13% better off, but incomes of those at bottom would rise 26%National insurance, business rates, stamp duty, the TV licence fee and excise duties on alcohol and tobacco should be among 20 taxes abolished by the government, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-to-live-in-a-state-with-no-income-tax-make-sure-youre-super-rich-first\/","url_meta":{"origin":104849,"position":4},"title":"Want to live in a state with no income tax? Make sure you're super rich first","date":"September 17, 2014","format":false,"excerpt":"\r New surveys and studies of inequality show that state tax rates can influence how the poor and rich spend moneyUS poverty rate stagnant, census report showsWidening US gap between rich and poor is unsustainableIt may sound like a dream to live in the seven US states that have no\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tax-on-test-do-britons-pay-more-than-most\/","url_meta":{"origin":104849,"position":5},"title":"Tax on test: do Britons pay more than most?","date":"May 27, 2017","format":false,"excerpt":"\r We examine how the average burden on British people earning \u00a325,000, \u00a340,000 and \u00a3100,000 compares with taxes paid by similar earners in Europe, Australia and the USLabour\u2019s plan to tax incomes over \u00a380,000 more heavily is a \u201cmassive tax hike for the middle classes\u201d that will \u201ctake Britain back\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104849"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104849"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}