Tax dodging hindering 50p tax rate move - Myners

He said behavioral changes, such as an exodus of high net worth individuals,and other "less drastic" means of tax dodging, would decimate the expected revenue gain, writes the Daily Mail. Lord Myners maintained those earning over £150,00 - the rate at which the higher rate kicks in - constitute just 2% of the population and said the Government would look to reduce the rate as soon as it "made sense to do so". This contradicts previous indications by the Government which suggested the top rate would remain in place over the next four or five years of the next Parliament. The adm...