BusinessCompany NewsLetwin pledges lower tax economy

Letwin pledges lower tax economy

Shadow chancellor Oliver Letwin today said a Conservative government would reform the tax system and reduce 'wasteful government spending'.

Link: Letwin vows to give sector a pivotal role

However no specifics were given.

Letwin identified five areas of the tax system he regards as ‘manifestly unfair’. These include council tax, inheritance tax, stamp duty, income tax and national insurance thresholds and taxation of savings and pensions.

Capital gains tax, taxation of small businesses and environmental taxes were also three areas the Tories regard as ‘over complicated’.

‘Thinning down fat government is not merely an option but a moral necessity for the next Conservative government. It is the route to making Britain’s tax system simpler and fairer,’ Letwin told the Tory Bournemouth conference.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor