Ed Davey

World

Boris Johnson proposes 1.25% tax hike to pay for health and social care reforms

LONDON (UPI) -- British Prime Minister Boris Johnson proposed a plan Tuesday to hike taxes in order to pay for health and social care in the country. The plan would levy a 1.25% tax on earned income for all workers as well as shareholder dividends beginning in April, initially paid as an increase on the National Insurance rate before becoming a separate tax on earned income in 2023. The government estimated the tax will raise nearly $49.6 billion within the […]

todaySeptember 7, 2021 79