Keeping billionaires and the taxman happy | Letters
Stephen Gillian says the super-rich could help guarantee a decent wage for low-paid people in return for some tax benefits. Plus letters from Les Bright and Steve Brown I have a simple solution to help keep the super-rich happy with their tax bills while keeping their enormous wealth safely stored offshore and allowing them possibly to spend more time in the UK ( Manchester United Muslim fans…
Stephen Gillian proposes a solution to keep the super-rich content with their tax obligations while allowing them to maintain their substantial wealth in offshore accounts. He suggests that these wealthy individuals could require the companies that generate their income to ensure all staff members receive a fair wage. In return, the government could offer a reduction in tax burdens for these companies, such as increasing the threshold for taxation and lowering national insurance payments for low-income earners.
This approach would eliminate the current paradox of the government providing income support to those on low wages and then taxing them to fund that support.
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