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10/14/06

Telegraph: Britain has highest tax rise among major EU nations - by Bobby Helm

For the complete report in the Telegraph click on this link

Britain has highest tax rise among major EU nations - by Bobby Helm

The proportion of national income seized in tax rose by a higher rate in Britain last year than in any other major European economy. The Office for Economic Co-Operation and Development, based in Paris, disclosed last night that the amount taken in tax by the UK Treasury had risen by 1.2 per cent, to 37.2 per cent.

This is outstripped only by Iceland (with a rise of 3.7 per cent) and the US (1.3 per cent). In Germany the tax taken remained stable at 34.7 per cent and in France it rose by 0.9 per cent to 44.3 per cent.

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