Support 100 years of independent journalism.

  1. Politics
16 April 2012

How much tax do the super-rich pay?

Never-before-published data reveals the extent of tax avoidance.

By George Eaton

As Samira noted earlier, in an attempt to defend its cap on tax relief, the Treasury has released new figures revealing the extent of tax avoidance among the super-rich. No government has ever published data of this kind before, so I thought Staggers readers might like to see the full chart. As it shows, 12 [6 per cent] of the 200 taxpayers earning over £10m pay less than 10 per cent in tax, while 58 [29 per cent] pay 40 per cent or less.

The debate on tax transparency has accelerated so fast that it would no longer be surprising if one of the main parties called for the UK to follow the Nordic countries and make all tax returns public.

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s global affairs newsletter, every Monday and Friday. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A weekly dig into the New Statesman’s archive of over 100 years of stellar and influential journalism, sent each Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy