Tuesday, Oct 09, 2007
Darling targets wealthy foreigners
FT: Darling set to tighten tax loopholes
The chancellor will announce plans to tackle elements of the tax system used by the private equity industry; the super-rich taking advantage of non-domicile status; and small family businesses taht distribute profits among relatives.
Posted by su @ 07:08 AM (297 views) Add Comment
3 Comments
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1. Ihopeitgoeswithabang said...
Well that sounds like a round of taking money off people and not reducing the tax burden to me.
It said on the news today that he would possibly be making a statement about inheritance tax.
I want it to go up to at least 600k. Then my family will be £120,000 better off within the next 5 years or so.
Now that is something I would vote for regardless of anything else on the political agenda.
Except of course he just bottled it - so I can't. Something I will remember when the times comes.
2. Nelson said...
Very glad that Labour are listening to the opposition's ideas (though I am sure they knew Labour's plans to include this weeks ago hence their announcements) - sign of a good democracy.
And on 'bottling' an election - I for one would rather have the government I voted for concentrate on the biggest global financial threat in a decade than waste time on an premature election. I voted for a Labour government - not one individual Prime Minister (we're not Presidential yet) - and would feel cheated if the Tories and the media bounced Labour into cutting their term in half - when I expected them in for at least four years. Oh yes, and that's after forcing Blair out too prematurely.
3. sovietuk said...
The inheritance tax headline is a complete swindle. The conmen are just making automatic what you could get before anyway. The only change is to show how corrupt government departments have now become.