Brexit & EconomyPoliticsLib Dems outline taxes for the rich

Lib Dems outline taxes for the rich

Lib Dems reveal more details of their tax plans at the party's conference

Households earning more than £70,000 would pay more tax under Lib Dem
proposals expected to be launched at the beginning of its party conference
today.

Speaking prior to the conference, Lib Dem leader Sir Menzies Campbell said
that to offset cutting the basic rate of income tax by 4p to 16p, taxes would be
raised for higher earners.

Green levies, such as increasing tax on 4×4 vehicles, and removing taper
relief on capital gains would be introduced. Households earning more than
£70,000 would be the point at which they begin to pay more tax.

‘Because, extraordinarily under a Labour government, the gap between rich and
poor has become greater,’ said Sir Menzies,
reported
the Daily Telegraph
.

Further reading:

Read about the
Lib Dems’ conference

Related Articles

Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

Brexit Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

15m Alia Shoaib, Reporter
HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

Big Four HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

2d Alia Shoaib, Reporter
Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

Budget Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

1m Emma Smith, Managing Editor
Spring Statement live feed

Budget Spring Statement live feed

1m Emma Smith, Managing Editor
Spring Statement 2018: 5 things to look out for

Brexit & Economy Spring Statement 2018: 5 things to look out for

1m Alia Shoaib, Reporter
Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

Politics Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

3m Emma Smith, Managing Editor
David Davis, Secretary of State for Exiting the European Union

Brexit & Economy David Davis, Secretary of State for Exiting the European Union

3m Alia Shoaib, Reporter
Philip Hammond, Chancellor of the Exchequer

Brexit & Economy Philip Hammond, Chancellor of the Exchequer

3m Alia Shoaib, Reporter