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    Question

    Which country has decided to scrap the proposal to cut

    taxes for the wealthy?
    A Germany Correct Answer Incorrect Answer
    B Austria Correct Answer Incorrect Answer
    C United Kingdom Correct Answer Incorrect Answer
    D Japan Correct Answer Incorrect Answer
    E Russia Correct Answer Incorrect Answer

    Solution

    The Prime Minister of the United Kingdom Liz Truss has dropped the plan to cut income tax for the top earners. The move has sparked turmoil in the financial markets of the country. The Government said that it will not scrap the top 45 percent of income tax paid on earnings above 1,50,000 pounds ($1,67,000) a year.

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