Top rate of tax

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The BBC has chosen to headline the drop in the higher rate of tax today, reports Harris & Co chartered accountant -

It shows it"s priorities!

The drop on tax is not before time in my view. The top rate of tax was not in fact ever 50% for entrepreneurs. If you took your remuneration as salary it was a whopping 65.8% including employee"s and employer"s NIC. I don"t know anyone who is motivated to grow a successful business by that! We need lower taxes to incentivise people and that will get the economy going!

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