To answer these questions the term rich needs to be defined - along with how their wealth is described in connection with business - E.g. cash, salary or ownership of £billions of assets. Is someone with a £200k salary to be taxed the same as someone worth £20billion? As government practice allows enormous amounts of wealth to evade, avoid or defraud taxation Responsibilities, combined with business rebates & non taxable ‘grants’ it seems that the rate of tax is largely irrelevant for ‘the rich’. The government should remove structures designed to remove or reduce tax obligations. E.g. End offshoring, improve scrutiny, check, transparency on the registering and report of companies, end shell/holding companies that exist only to remove tax obligations, reform personal service contracts etc, etc.
Be the first to reply to this answer.