Speaking of the Evening Standard, their excellent political columnist and blogger Paul Waugh has come up with a fascinating revelation. Tucked away in the budget details is the news that the players' prize money for the Football World Cup, when it is held in Britain, will be tax free if it is won by a foreign team.
We are told that previous bids to host the World Cup failed because the players would be taxed. This appears to be an acceptance that low taxes are an incentive to the rich. I wonder what we can make of that.
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