Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    The last socialist government we had (Callaghan) imposed a maximum income tax on earnings of 83%, with a further surcharge of 15% on investment income. Additionally there were exchange controls which prevented people taking their money out of the country.

    Thatcher's government slashed the top rate, abolished the investment income surcharge and lifted exchange controls within months of taking office. Result: huge inflows of capital, stock markets soared, and the total tax take increased substantially.

Report Post

 
end link