Tag Archives: lo-tax

Opinion: Lo-Tax for the Lib Dems

landRaising the tax-free personal allowance is the Lib Dems’ headline contribution to this Government – so popular that the Tories are trying to claim it as theirs! But when Danny Alexander said that our next manifesto should include a promise to raise and peg the personal allowance to the National Minimum Wage (almost £13,000) he was setting his tax policy working group a challenge: to find £12bn a year from elsewhere.

According to the Institute for Fiscal Studies this isn’t progressive. Highest earners and others benefit, while …

Posted in Op-eds | Also tagged and | 38 Comments
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Recent Comments

  • User AvatarEddie Sammon 27th Jan - 10:38pm
    Stephen Donnelly, to explain further: "Capital Allowances let taxpayers write-off the cost of certain capital assets against taxable income. They take the place of depreciation...
  • User AvatarEddie Sammon 27th Jan - 10:28pm
    Stephen, I am not confused, if someone buys a new machine it doesn't lose 100% of its value in year one, so why can they...
  • User AvatarCllr. David Becket 27th Jan - 10:23pm
    and 100 days to stop the fracking supporting Liberals!
  • User AvatarStuart 27th Jan - 10:04pm
    @John For once I can't see where you are coming from here. This is not "Genocide Memorial Day"; it is "Holocaust Memorial Day". The Holocaust...
  • User AvatarStephen Donnelly 27th Jan - 9:54pm
    The key thing that Julian recognises is that the tax system needs to be made simpler and more transparent. Eddie seems very confused about capital...
  • User AvatarTim13 27th Jan - 9:29pm
    I am afraid that on a number of environmental issues we have not shown the leadership we should. The fracking vote yesterday was a case...