Harvard Prof warns Britain against over-taxing rich - papers

Professor Michael Porter of Harvard Business School made the warning as Gordon Brown assured a London conference of 250 global investors enterprise would be the engine of Britain's growth as it emerges from recession, the Financial Times reports. Porter, who spoke at the government-run conference, said in an interview the 50p income tax rate due in April for those earning more than £150,000 was "at the upper end of the band". "If it goes any higher than that - and if that is perceived as being a long-term policy - then I think that's going to create some real problems in the long run,...