In the US, volunteerism is highest in high-tax Massachusetts, and lowest in low-tax Mississippi. In Europe, volunteerism is highest in high-tax Sweden, and lowest in low-tax Eastern European nations. Well yes of course. It’s called the tax wedge. There’s lower labour market participation, higher household production, when the government takes more of what you can

Personal Tax: Top earners will be hit by a 45% rate of income tax on earnings above £150,000, while low earners will have their top-up personal tax allowance increased and made permanent.

A new 45% rate of income tax should be introduced for high earners to help millions of middle-income families pay less tax.

The chancellor today confirmed plans to introduce a new 45% tax rate for high earners and said he would be making other changes to the way income tax is paid. Announcing his pre-budget statement to MPs, Alistair Darling said that from April 2011 those people earning more than £150,000 a year would face a new tax rate of 45p in the £1. The move will affect the top 1% of incomes. Darling...

THE CHANCELLOR George Osborne was facing calls to abandon his plans to drop the highest rate of income tax after one of the world's wealthiest men called for governments t

KPMG's new corporate tax rate survey has just been published. It shows that, despite the cut in the UK's headline corporation tax rate to 28 per cent, the UK still has the 8th highest rate in the 27 EU countries....

The latest release from the Institute for Fiscal Studies is going to restart the whole 45p rate debate: “If people respond as they did to the last set of changes to the highest income tax rates, in the late 1980s, then the new 45% band will actually reduce the Government’s revenue slightly, as the existing 40% income tax rate is the one that would generate most revenue.” This con...

Island considers raising the income tax rate from 20% to 30% for those earning more than £100,000, in what would be a big departure from the flat rate levied since the second world war

Interesting stuff, for we’re normally told to listen when the IFS speaks: The 50p rate of income tax is costing the Treasury up to £500 million a year as high earners shelter their money abroad, a leading think tank has warned. The argument is that this rate is increasing the use of (entirely legal) tax

ENERGY Secretary Chris Huhne signalled his party would block any attempt to axe the 50p top rate of income tax on Britain's highest earners if it went before MPs.