The tax gap works both ways
| Category | Technical Articles |
| Author | Technical Department |
Article by Ian Luder, CIOT President 1994-1995. This article appeared in the December 2005 issue of Tax Adviser. 'I thought that the top rate of tax was 40%. How come I am effectively paying 44% on my earnings?' How many times have we as advisers had to explain the 'reverse tax gap' to business clients? We may not have called it by that name - but that is what it is - a system by which tax is exacted on more income than actually exists.
Technical Department
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December 2005 by Ian Luder
