Reflections on the Commissioners of Inland Revenue Report

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The following ~ extracts have been taken from a longer article by A.M.G. CHRISTOPHER, the Assistant General Secretary of the Inland Revenue Staff Federation, which appeared in the March edition of their magazine, Taxes. "The survey of perSonal incomes notes once ‘again the deficiency in both incomes returned from investments (£30 million is the estimate) and in returns of wives' earnings. To what extent surtax is being lost is hard to say - not a great deal probablyecescsccee "For all that I have protested regularly because the Board's Report each year is able to confirm that real wealth is very little differently distributed from the way it was shared out a generation ago; for all that I am equally regularly sickened by the humbug that offers Schedule D statistics which are demonstrablyunbelievable as evidence of true profit; and for all that I welcomed the courage of the Chancellor in setting about the