The introduction of a 50% tax rate will not solve Britain's fiscal problems single-handed, an expert has claimed.
John Whiting, tax policy director for the Chartered Institute of Taxation, stated that people should think carefully before entering into a share incentive scheme in order to avoid qualifying for the high-earners tax.
He also noted that HM Revenue & Customs is likely to police any plans to turn income into capital very closely.
When asked to consider the fairness of a scheme that would see some people lose half their wages, Mr Whiting admitted that the new process did look unjust - especially in terms of a potential loss of motivation in some workers.
The news comes after the Times published an article explaining that people dodging the new 50p rate of income would see the public purse reduced by hundreds of millions - forcing the Treasury to lower its expectations of the system.
High-earners tax 'to create less money than expected'
