Tag Archives: tax policy

Opinion: Fairer taxes

You don’t have to talk to many people about tax these days before someone brings up how unfair it is that some of the biggest international companies and brands seem to be able to find ways of getting out of paying any.

And at the same time, many people are themselves feeling the financial squeeze in their own budgets.

So in preparing new tax policy for the party to debate at autumn conference, we have worked to create a fairer balance: a tax system which helps those on low and middle incomes, and ensures that the richest companies and individuals …

Posted in Op-eds | 26 Comments

That ‘jewelry tax’ proposal

Jewellery shot for RK Jewellers 01“Now they want to tax jewellery: New Lib Dem wealth plan to target ALL assets” screamed a headline in the Mail on Sunday yesterday, warning their readers of the latest appalling imposition that Lib Dems in government were about to put upon the public.

“Families will be forced to pay tax on jewellery and other heirlooms under controversial new plans drawn up by the Liberal Democrats. Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures.” they said. If you really want to, read the full article here.

Posted in News | Also tagged and | 21 Comments

Is bringing back the 10p rate band such a good idea?

It is hard to believe that it has been five years since Gordon Brown announced the abolition of the 10p rate band, and I am as surprised that it has taken until now for someone to suggest reintroducing it.

At Conservative Home, Robert Halfon MP argues;

Restoring a 10p rate of income tax, between £9,205 and £12,000, would cost around £6 billion a year according to the House of Commons Library. This is significantly cheaper than raising the personal allowance to £12,500 (which could cost as much as £14.4 billion). It also has the advantage that it would benefit all workers,

Posted in News | Also tagged | 19 Comments

Why is the UK government encouraging companies to use tax havens?

Plans by the government to change Controlled Foreign Companies (CFC) rules are threatening to deny the developing world billions of pounds in tax revenues. The current CFC rules discourage UK companies from using tax havens, by requiring them to pay UK levels of corporation tax whether they are based in the UK or abroad. This system discourages the practice of profit shifting and protects the tax incomes of both the UK and developing countries.

The changes were proposed in the Budget earlier this …

Posted in Op-eds | Also tagged and | 8 Comments

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