See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Holi
Natural Disasters
Social Media
Baseball
Artificial Intelligence
Senate
Boxing
Stock Markets
Donald Trump
Vladimir Putin
South America
Basketball
Published • loading... • Updated

The Fiscal Drag Started By the Tories But Labour Are Keeping It Going - The impact of frozen or reduced personal tax thresholds

Summary by Caithness-business.co.uk
Many personal tax thresholds have been frozen in cash terms since April 2021, whereas previously most were due to rise in line with CPI inflation. The resulting ‘fiscal drag' is set to raise significant sums as the average effective tax rate (total tax paid as a share of total income) rises more quickly over time.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

2 Articles

All
Left
Center
Right
caithness-business.co.ukcaithness-business.co.uk

The Fiscal Drag Started By the Tories But Labour Are Keeping It Going - The impact of frozen or reduced personal tax thresholds

Many personal tax thresholds have been frozen in cash terms since April 2021, whereas previously most were due to rise in line with CPI inflation. The resulting ‘fiscal drag' is set to raise significant sums as the average effective tax rate (total tax paid as a share of total income) rises more quickly over time.

Read Full Article
TUOI TRE ONLINETUOI TRE ONLINE

Ministry of Finance considers reducing tax rates to reduce burden on personal income taxpayers

In the proposal to comprehensively amend the personal income tax law, the Ministry of Finance proposed reducing tax rates and widening the gap between rates in the progressive tax schedule for income from wages and salaries.

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

TUOI TRE ONLINE broke the news in on Sunday, February 9, 2025.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

Finance

Finance

Wages

Wages

Vietnam

Vietnam

Vietnam Economy

Vietnam Economy

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
Search
BlindspotLocal