Taxing Business

Controversial new graduate tax being considered

The Coalition Government has sparked a new outcry from university leaders who fear that should a tax system be introduced, it would almost probably favour foreign students over those from Britain.

The Government has been looking at new ways to raise university funds and this system would ensure that graduates would pay the tax through their working lives in return for a high level of education.

Wendy Piatt, the director general of the Russell Group, said:

“A graduate tax could also discriminate against British graduates who would pay over a lifetime, while other beneficiaries of UK degrees - as well as British expats - may be able to avoid paying entirely.

“It would be difficult in the extreme to levy and collect a tax from graduates living and working overseas. A graduate tax would introduce perverse incentives for our best graduates, both home and EU, to move abroad and deprive the UK of vital skills and knowledge.”

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