But he and shadow chancellor Matthew Taylor retained plans to increase income tax on those receiving £100,000 more a year to 50%, to be spent scrapping university fees, care charges for the elderly, a higher pension for the over-75s and easing in local income tax in place of council tax.
Taylor said there would be ‘green taxes’, instancing a switch from Air Passenger Duty on passengers to a tax on aeroplanes to encourage more efficient use, but promised these would not be designed overall to increase taxation.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states