Reposted by @ruders77.bsky.social
Dividends paid to UK citizens taxed at rates of 8.75% to 39.35%, lower rate than wages.
Dividends mostly go to the top 1%.
£6bn a year raised if dividends taxed at the same rate as wages. More if NIC levied.
Unlike the US, France, Germany, no UK tax levied on dividends paid to foreign investors.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population
