Thought for The Day…

It is rather ironic that we in Britain, under Labour, find ourselves as a nation much less prosperous than Communist China, and more taxed than the Chinese.

Income tax in China goes from 5% to a top rate of 45% – less than our 50% – while companies are charged corporation tax at 25%, which is lower than our rate of 28%.

Perhaps Labour should learn from the government of China how to manage the economy better. Otherwise I would not be surprised if the banking fraternity as well as leaders of industry move en bloc there.

Perish the thought!

One response to “Thought for The Day…

  1. Hear, hear!

    Although, if we are going to tax the rich, I’d start with the agents!