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Britain's wealthy pay less tax: Burden increases for others

THAT'S RICH: Britain's rich are paying less tax, while ordinary people are paying much more.
THAT'S RICH: Britain's rich are paying less tax, while ordinary people are paying much more.

BRITAIN'S very wealthy are paying less tax and ordinary taxpayers are being slugged more, an influential parliamentary committee has warned.

The Public Accounts Committee said the Conservative Government's claims to be cracking down on tax avoidance by the richest "just don't stack up".

A new investigation by the cross-party committee found that the tax take from very wealthy people had fallen by $1.6 billion since Her Majesty's Revenue and Customs set up a dedicated "high net worth" unit to chase unpaid or missing tax from the rich.

Income tax paid by all other taxpayers had risen by $38 billion.

"HMRC's claims about the success of its strategy to deal with the very wealthy just don't stack up," Meg Hillier, the committee chair said.

The committee's report says HMRC had eroded public trust in the tax system. - INM


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