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Poorest families pay 47.6% of their income in tax as top earners hive off wealth to tax havens

Families on the lowest incomes paid 47.6 per cent of their gross income in tax in 2017-18, new research has revealed. TaxPayers' Alliance analysis shows higher taxes have hit the poorest families hardest over the last decade, increasing by 4.4 per cent since 2008-09. Meanwhile, the richest tenth pay 33.5 per cent of their gross income in tax, up by just 0.6 per cent. The research has been revealed after an index published today by the Tax Justice Network found...

8 out of the 10 biggest tax havens are British territories

Britain has been described as the “greatest enabler of corporate tax avoidance in the world” after it was revealed eight out of the ten jurisdictions with the highest corporate tax haven scores are British territories. Research by the Tax Justice Network found the UK and its “corporate tax haven network” to be by far the world’s greatest enabler of corporate tax avoidance, with scores of its territories and dependencies landing in the top 10 offender list. The British Virgin Islands,...

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