Or is that simply what goes with a system like the one we have?
THE BRITISH ECONOMY is over-taxed, with a tax burden 18% higher than the global average, according to research published today by Top 50 firm UHY Hacker Young. The relatively high effective rate of a third of GDP (32.9%) runs the risk of impeding growth, the report found. The global average stands at 27.8% of GDP, with the UK comparing poorly to other developed economies including the US at 25.4% and Ireland at 28.3%. Japan stands ahead of the UK at 29.5%