Increasing the top tax band could erode the countries tax base

The IEA is quoted in The Sunday Telegraph feature

Ed Balls has vowed to increase the top rate of tax for incomes over £150,000 should the labour government come into power. Critics of such economic policy note that there may only be a marginal gain in tax revenue whilst at the same time destroying innovation and enterprise in the UK. 

The Institute of Economic Affairs called the plans 'absurd' and a 'disaster' for economic growth. 

You can read the full article here.

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