The Observer reports that the government is considering freezing the threshold for paying inheritance tax, rather than increasing it as planned. This would seem to me to be the least the government could do as part of a program for spreading the burden of paying for valuable public services in what are indeed difficult times. But the sort of language their political editor uses, while a million miles...
I've said it before, and I'll say it again. Nick Clegg has taken some risky and sometimes brave decisions as LibDem leader. He appeared to have shifted the party to a low tax, market based approach - away from the more social democratic approach of his two immediate predecessors. In fact, he seemed to be trying to move the Liberal Democrats back to being a truly liberal party - at least from an economic...
Leader Nick Clegg announces value of properties affected by proposed by annual levy would rise to £2m amid backbench fury The Liberal Democrats today downgraded one of their highest-profile policies of the last year, announcing they would double the value of properties they would tax if in power, from a threshold of £1m to £2m. The announcement of an annual levy on all properties...
The Mail revealed their true colours today with two headlines on potential tax u-turns by the Labour and Conservative parties. Responding to the possibility of a u-turn by Labour on its pledge to raise the inheritance tax threshold from £325,000 to £350,000, the Mail headline read: "Inheritance tax blow for families as ...
The Liberal Democrats will today unveil what they describe as "the most radical tax plans in a generation", promising to free thousands of low paid workers from income tax thanks to a levy on high value homes.
Speaking to the Financial Times in a personal capacity, Conservative party treasurer Michael Spencer, has said that he is “hopeful” that a Conservative government would deliver even bigger corporation tax cut after the next election. He also said that he things George Osborne could axe the 50p top rate of income tax. “He expressed [...]
Animal shelters across the country have reported a sharp surge in abandoned animals... Now, Rep. Thaddeus McCotter (R., Mich.) has introduced a bill that would use the federal tax code to help. The Humanity and Pets Partnered Through the Years (HAPPY) Act would allow pet owners to deduct the cost of food, veterinary care, and other pet-related expenses from their income taxes — up to $3500 per...
Leader Nick Clegg says value threshold for controversial measure has been raised to £2m and it will be imposed on fewer homes Nick Clegg will today announce that the Liberal Democrats will double the rate of their controversial "mansion tax" but impose it on fewer properties in an attempt to "bear down on unearned wealth". The move, part of what the party has called the "most...
Zac Goldsmith, the prominent environmental campaigner and Tory parliamentary candidate, was tonight forced to deny opposition claims that he had "dodged" paying taxes in Britain. Goldsmith, who is standing in the key marginal seat of Richmond Park, west London, confirmed that he retained the non-domiciled tax status inherited from his billionaire father, Sir James Goldsmith. He said he had...
By Simon Fletcher / @fletchersimon Andrew Rawnsley’s article today discussing the implications of the Tories’ pledge to cut inheritance tax for the richest estates in Britain perfectly encapsulates the problem that the Conservative party has with this policy. As discussed in the past , it represents a tax cut for the few, whilst the many face austerity measures – a longer working...
Michael Spencer, the Conservative party treasurer, says he is "hopeful" that a Tory government would deliver a corporation tax cut even bigger than so far promised and axe the 50p top rate of income tax
When it comes to deciding where to buy land for sale , Arkansas probably isn't the first place that comes to mind. However, there are a number of reasons why you should buy land in what Arkansans call The Natural State. Here are seven: 1. The property is undervalued. Experts agree that the pricing of land for sale in Arkansas is about two decades behind other parts of the country. In other words, you...
If you have recently purchased some real estate for investment purposes, you are in good company. Recent reports suggest that as many as 25% of these purchases are made by those who plan on using the property for investment purposes only. If you hope to "flip" the property there are 4 things you must be aware of that can put a crimp on your profits. 1. Property Taxes . Keep the property for a few years...
Early retirees in France continue to benefit from an administrative loophole in the taxation of their pensions, but it may not last. As we have pointed out previously in this Newsletter, private sector early retirement pensions are subject to French social charges, but in practice most early retirees from the EU currently escape the full force of these charges. The ‘social charges’ is in fact a collective
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