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What will become of the phrase, "the hard working taxpayers", now that so much is being made of raising the (income) tax threshold?
Perhaps those that work hard, but get paid so little that they do not pay income tax, can join the ranks of the tax-efficient multi-national to make 'suckers' out of squeezed middle?
Then again, another 'great' advance in the field of taxation is Indirect Taxes, and then there is NI and Council Tax.
On top of all of this, I hear that as much as 60% of those who will be adversely affected by the recent changes to the Benefit System will be those on Tax Credit. That is, those already in work.
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