IFS's report: 50p income tax rate 'costs UK economy �500m a year'

In a damning report the Institute of Fiscal Studies questioned whether the tax was even bringing in any money for the economy and suggested it was leading to the wealthy dodging tax.

Source: http://www.dailymail.co.uk/news/article-2037299/IFSs-report-50p-income-tax-rate-costs-UK-economy-500m-year.html?ITO=1490

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