Not very surprising news today that under the Tories the rich pay less tax than ever. The full article is below but the key quotes are:
"Since HMRC set up a specialist unit dealing with so-called high net worth individuals - from across all walks of life - in 2009, the amount of income tax they paid had fallen by £1bn, the report said. This was despite income tax receipts from the public as a whole rising by £23bn over the same period. HMRC was unable to explain why the income tax they paid fell by 20% - from £4.5bn in 2009-10 to £3.5bn in 2014-15 - when the overall income tax take rose by 9% to £23bn."
"Of the 850 penalties issued to the very wealthy since 2012, the average charge was £10,500, a figure the MPs said was unlikely to be a deterrent to multi-millionaires."
http://www.bbc.co.uk/news/business-38764923
"Since HMRC set up a specialist unit dealing with so-called high net worth individuals - from across all walks of life - in 2009, the amount of income tax they paid had fallen by £1bn, the report said. This was despite income tax receipts from the public as a whole rising by £23bn over the same period. HMRC was unable to explain why the income tax they paid fell by 20% - from £4.5bn in 2009-10 to £3.5bn in 2014-15 - when the overall income tax take rose by 9% to £23bn."
"Of the 850 penalties issued to the very wealthy since 2012, the average charge was £10,500, a figure the MPs said was unlikely to be a deterrent to multi-millionaires."
http://www.bbc.co.uk/news/business-38764923