Julian Jessop comments in The Telegraph
In the article Julian argues that the amount paid in refunds was relatively small compared to the total amount of tax bought in. But it is a sign of the complexity of the system. It’s not obvious why there is a surcharge at all. Maybe it’s trying to make the tax more progressive but this is a pretty blunt way of doing that.
Read the full article here. (££)
Further IEA Reading: Taxation, Government Spending and Economic Growth