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<p>The Government is committed to rewarding hard work through a fair and simple tax
system that is also competitive internationally. The Government is taking a responsible
approach by delivering tax cuts within the fiscal rules.</p><p>The tweet of 6 January
2024 was based on the most recently published data from the <a href="https://www.oecd-ilibrary.org/sites/8c99fa4d-en/1/3/1/3/index.html?itemId=/content/publication/8c99fa4d-en&_csp_=f4d3c57328afb7f1cbd530cb119213be&itemIGO=oecd&itemContentType=book"
target="_blank">OECD’s Taxing Wages 2023</a> publication. This shows the total personal
tax liability divided by salary for a single employed individual with no children
on average earnings for Germany (37.4%), Italy (28.8%), France (27.7%), Canada (25.6%),
the US (24.8%) and Japan (22.3%). Following the 2p NICs cut made at Autumn Statement,
the effective personal tax rate for an employee on £44,300 (the OECD’s figure for
UK average earnings) reduced from 23.6% to 21.5%, which would be the lowest rate in
the G7, according to the latest available OECD data. This has fallen to 20.1% following
the further 2p NICs cut made at Spring Budget.</p><p> </p><p> </p>
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