TaxPersonal TaxClegg outlines Lib Dem tax policy

Clegg outlines Lib Dem tax policy

New leader outlines 4p cut in income tax coupled with rise in green taxes

The new leader of the Liberal Democrats has outlined plans to cut income tax
and pay for it by raising green taxes.

Nick Clegg, in an interview with the
Daily
Telegraph
today, rules out a 50% tax rate for those earning more than
£100,000.

‘Let me be clear, I will not be seeking to introduce a 50% tax rate for
earnings over £100,000 and I will not be seeking to increase the overall tax
burden on the British economy,’ he said.

He also proposed a four pence cut in the basic rate of income tax, funded by
£6.7 billion worth of new green levies on polluting cars, aircraft and other
polluters.

He also plans to strip pensions of higher-rate tax relief and reform capital
gains tax.

Further Reading:

Read
the Interview in the Daily Telegraph

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter