Who didn’t see this coming?

Treasury loses as top earners dodge 50p tax

High earners will cost the public purse hundreds of millions of pounds through tax dodges as they avoid the new 50p rate of income tax, a minister indicated yesterday.

The Times of London, 02/02/2010

Well big surprise.  You come banging on their doors demanding their money, and they try hide it.  Some by leaving the country, some by deferred pay, some by just donating it away to charity rather than let the taxman have it.

You can shear a sheep many times, but you can only skin it once.


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