TaxCorporate TaxTories put tax cuts on election agenda

Tories put tax cuts on election agenda

The Tories will announce tax-cutting measures in the New Year buoyed by support for their inheritance tax proposal

Encouraged by positive response to its inheritance tax plans, the
Conservatives plans to announce tax cuts as part of its election agenda,
starting with business taxation.

George
Osborne
, shadow chancellor, told the Daily Mail he planned to
announce proposals to cut corporation tax in the New Year.

Osborne said he would ‘approach each budget thinking how I can reduce taxes;
how can I prepare Britain’s economy to compete with China in the world economy’.

He slammed chancellor Alistair Darling’s planned changes to
capital gains tax as ‘a
mess’ which would have to be reformed.

Further reading:

Capital allowances legislation to hit business

UK in bottom half of best tax regime table

Read
story in the Daily Mail

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