TaxCorporate TaxDarling: ‘I didn’t steal Tory policies’

Darling: 'I didn't steal Tory policies'

Chancellor says he was working on domicile and IHT changes before the Tory conference

Alistair Darling, chancellor

Chancellor Alistair Darling has denied that he stole the Tories’ policies in
his pre-Budget report.

Speaking to Accountancy Age, Darling said today: ‘[I said earlier
this year] that I was considering a major tax reform package, which I would
announce in the pre-budget report. That is what I have done.’

Darling gave separate interviews to Accountancy Age and the
Financial Times earlier this year outlining his views on various
subjects, including non-doms.

‘Included in that was looking at inheritance tax, the treatment of non-dom
taxpayers and private equity,’ he said. ‘I wasn’t going to be put off by
unaffordable announcements by Mr Osborne at the Tory Party Conference. And
indeed I wasn’t.

‘If you look at what I did, it is absolutely reasonable to give married
couples the same tax allowance for inheritance tax as they have for capital
gains tax. I did it because it was affordable.

‘I wasn’t reacting to announcements at the Tory conference. I started work on
yesterday’s statement in July almost as soon as I arrived in the Treasury and I
wasn’t going to change it because of what Mr Osborne said in Blackpool,’ said
Darling.

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