Is 50/50 fair?

A TUC report on the 50% tax rate. By Richard Murph

Alistair Darling announced a 50 per cent tax rate for people with taxable income of more than £150,000 a year in the budget in April 2009. The tax rate was actually introduced in April 2010. Although this tax has been subject to much criticism, and the current government has described it as a temporary measure, it looks set to stay until at least the end of this parliament.

This paper has three objectives: to explain how the 50p tax rate works; to assess how much it might raise in additional tax revenues and to assess whether that liability might be easily avoided, as some have claimed

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