Britain's taxes among highest in world, accountants say - Telegraph

Britain's taxes among highest in world, accountants say - Telegraph:

Wealthy Britons are being taxed at a higher rate than almost any other leading nation in the world, new analysis shows, as stealth taxes mean that entrepreneurs are being driven away.

 "The UK has the ninth highest tax burden for people earning over £125,000 in a list of 26 countries, according to a poll by accountants UHY.
For the very top earners - classed as people earning £950,000 a year or more – Britain has the sixth highest tax rate.
As well as being hit by high levels of income tax, Britons have been affected other tax rises relating to National Insurance and changes in allowances and reliefs.
UHY found that people earning over £125,000 keep 60.8 per cent of their income after personal taxes and social security contributions. This means that they take home less money than people earning the equivalent amount in countries including Uruguay, China, India, Romania and Brazil.
People earning over £950,000 keep half their salary, UHY said. The only countries with worse tax rates are France, Italy, the Netherlands, Ireland and Spain."

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