EU TAXATION ASSESSMENT EUROSTAT – BRITAIN TAX
May 1st, 2006
STORIES BY KEITH NUTHALL
TAXATION in Britain under Gordon Brown's economic stewardship has continued to rise, say the latest figures from European Union (EU) statistical agency Eurostat, reaching 36% of GDP in 2004. This is up from 35.5% in 2003, itself a small rise from 35.4% in 1995. British taxation is still below the average for the entire EU, however, which is 39.3%, (the old 15 member EU is 39.3%). Britain's toughest taxes are on capital, with an average rate of 34.9%, said Eurostat, one of the highest it has recorded in Europe, only below Denmark and ...
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