Financial Times FT.com

UK Budget 2009

Treasury suggests rich will dodge tax

By Peter Marsh and George Parker

Published: April 26 2009 22:57 | Last updated: April 26 2009 22:57

Leading business figures on Sunday rounded on Alistair Darling over the new 50p top rate of tax introduced in last week’s Budget, as it emerged that the Treasury’s own models suggested 69 per cent of those affected by the new rate would avoid or evade paying some of it.

Entrepreneurs have added their voices to claims the new tax rate sent a damaging signal that could lead to an exodus of talent from Britain.

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