FinanceBAM News

August 27, 2007

The Divide Between the Rich and the Poor

Filed under: Business Info, Finance General, taxation — admin @ 2:00 pm

According to an article in the June 21, 2007 edition of Daily Mail, there has been a widening gap between the rich and the poor in Britain and it’s said this may cause riots.

Sir Ronald Cohen has said that something must be done before the situation turns violent. The close friend of Gordon Brown also raised the spectre as it was shown that some of Britain’s richest were attacked by a powerful Commons committee by getting out of paying high taxes via a loophole.

Last week it was found that some entrepreneurs are paying a lower rate than their cleaners. Ordinary citizens are outraged that these wealthy entrepreneurs were receiving huge tax breaks. (more…)

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