David Gauke: The Exchequer costs of lowering the higher rate of income tax can be approximated from Table 1.6 ‘Direct effects of illustrative tax changes’, available on the HM Revenue and Custom's website at: http://www.hmrc.gov.uk/stats/tax_expenditures/table1-6.pdf Where appropriate costs include estimates of the direct behavioural responses from marginal rate changes. For very large rate...
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