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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Recent Comments

  • User AvatarMartin 28th Apr - 3:16pm
    There are possibilities that may not arise, so speculation could be superfluous, however Tony Greaves is surely right. In his articles he has looked at...
  • User Avatarexpats 28th Apr - 3:03pm
    On everything else they are looking increasingly authoritarian, and pro-war......... Of course, had it been left to LibDem MPs, Hague/Cameron would have got the UK...
  • User AvatarPaul Walter 28th Apr - 2:57pm
    Matt I am delighted to credit Bill le Breton. He's been writing some very interesting comments on this subject. The Carl Gardner article has now...
  • User AvatarPsi 28th Apr - 2:48pm
    Geoffrey Payne “The problem with the way the original article tackles the issue is that in the absence of knowing precisely what Ed Miliband has...
  • User AvatarTony Greaves 28th Apr - 2:41pm
    This is clearly not the whole story and may not be the story at all. Carl Gardner is a top lawyer and argues a good...
  • User AvatarStephen Hesketh 28th Apr - 2:30pm
    TCO28th Apr '15 - 1:53pm "@Caron assuming what you’ve said is true (and your charge was not my intention) then other parties to this thread...