Posted on July 17, 2014

The treasury are becoming increasingly reliant on people with higher incomes, caused by a rise in inequality in the UK which has become much more prevalent in the UK since the 1970’s.

A fascinating statistic according to the treasury, the percentage share of income tax paid by the top 1% of income tax contributors was 30 percent in 2013 compared to 11 percent in 1979, a staggering percentage change in just over 30 years or three decades.

This has left the treasury more reliant on a group of high earning individuals, than ever before, individuals who are more likely to be able to organise their tax affairs efficiently or to be able to ‘choose’ their tax residency.