Britain still dancing to Europe’s tune on tax
If Britain wants to collect £600bn of tax in the next year, it may have to do what the EU wants for a while yet
Six hundred billion pounds is a colossal amount of taxation. Nevertheless, according to a Whitehall briefing that I attended the other week, that is how much Britain’s revenue authority proposes to collect in the year to April 5, 2018.
It’s an amount which reflects the size of Britain’s economy. That size makes it all the harder to understand why Britain seems to have capitulated so easily to the terms of the EU’s draft Brexit withdrawal agreement,...
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