Contrarian Investor: The thorny question of tax

Contrarian Investor: The thorny question of tax

The recent laughable rumpus over self-employed national insurance contributions served to underline a bitter truth about our singularly unhealthy public sector finances, which is despite a number of years of solid economic growth we are still only a bit closer to balancing the books.

Most think-tanks, along with a great many tax experts, believe  austerity via just spending cuts will not right the structural problem. Something else has to 'give' and that involves the revenue side of the equation (taxes) with some potentially big implications for Investment Week readers. Many on the left would love to say the overall tax structure has broken beyond repair over the past few decades, and too few pay meaningfully high taxes. Contrarian Investor: Should we fear 'un cauchemar'? But if you read through an excellent report called A survey of the UK tax system, an IFS B...

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