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Britain Taxes

British Plan to Raise Taxes and Debt Sets Off Political Sparring

by taxnick on April 23, 2009

Prime Minister Gordon Brown’s government laid out plans on Wednesday for more than $1 trillion in deficit spending over the next five years, a scale of public debt that critics say is without precedent in Britain, and ordered a 5-percentage-point increase, to 50 percent, in the top marginal rate of income tax for the country’s [...]

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