University of Leicester academics call for tax change

Posted by mjs76 at Sep 09, 2011 11:46 AM |
Economics Professors among signatories to much-discussed letter in FT.

Earlier this week there was a great deal of media discussion about a letter in the Financial Times in which 20 top economics experts called on the Government to abolish the 50p tax rate for high earners.

Among the signatories were three Professors from our Department of Economics: Panicos Demetriades, Stephen Hall and Gianni De Fraja. Other universities represented among the signatories included Cambridge, Warwick, Glasgow, Birkbeck, Imperial, Cardiff and the LSE.

The argument presented in the letter was that the 50p tax rate...

…gives the UK one of the highest personal tax regimes in the industrialised world, making it less competitive internationally and making us less attractive as a destination for both foreign investment and talented workers.
Financial Times, Wednesday 7 September 2011

Initially inaccessible behind a paywall, the full text of the letter can now be viewed on the FT website.

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