A new survey has shown that people in the 50 per cent tax bracket are grudgingly putting up with the punishing tax rate - for now. The survey from financial services firm, KPMG, showed that 13 per cent of the 50 large employers polled reported that the introduction of the tax has hindered their UK recruitment for senior executives since April 2010. KPMG analysts determined, however, that the comparatively low figure was actually a reflection of other initiatives undertaken by employers to bolster their ability to attract and retain staff, as well as the persistently difficult financial climate. "A harsher economic reality makes people swallow more than they would otherwise," one tax director from a major travel and leisure group said in the survey. "The lack of mobility in the job market also means that people are more likely to accept a higher rate. It doesn’t mean they are embracing it, but they are putting up with it for now."The report also highlighted that while the effects of the tax may not have been as immediately dire as first feared, it has a range of damaging effects on British businesses. "Senior executives still feel it damages the UK in other less direct ways, in combination with other elements of the tax regime," the report said. "The higher rate of tax is seen as a stain on the UK's image in difficult economic times."
http://www.50percenttax.co.uk/index/2011/11/28/kpmg-claims-higher-earners-grudgingly-enduring-50pc-tax.html
No comments:
Post a Comment