Martin Lewis says tax on rich Brits punishes the wrong people – including him | The Sun

MARTIN Lewis says Brits should not call for the rich to face higher taxes as it punishes the wrong people — including him.

The MoneySavingExpert founder, 50, said forcing the wealthy to pay more will not affect those who avoid their obligations here by moving abroad.

Martin told BBC’s 5Live: “I believe tax is the cost of living in a legitimate social, civil society and therefore I pay tax.

“One of the great difficulties I have with this debate is people say we should tax the rich more because of all the rich people who don’t pay tax.

“As one of the rich people who does pay his tax, I always go, ‘OK, so because I am doing everything right, you’re going to punish me for the people who aren’t’.”

Government stats show the top ten per cent of earners paying income tax contribute 60 per cent of all income tax.

READ MORE MARTIN LEWIS

We made over £7,000 with Martin Lewis tip – how anyone with a bank account can too

Martin Lewis issues urgent state pension warning – you risk missing out on cash

Martin Lewis' company is the UK’s biggest consumer website with more than 16 million users a month.

Source: Read Full Article

Previous post GloRilla Fumes After Fan Throws Jacket in Her Face During Performance
Next post Brendan Fraser, During SBIFF Tribute, Names Co-Star He Hated; ‘All Quiet’ Making Oscar Noise; Burt Bacharach’s Rejection By John Ford – Notes On The Season