David Cameron’s proposed tax benefit for married couples would “only help one
in twenty couples,” the Daily
Mirror has reported.
The Conservative party leader now says that only married couples with
children under the age of three will benefit from his tax break.
Treasury figures show that this would benefit only 6% of married couples,
needing £600,000 to be raised through green taxes.
Chief Treasury secretary Liam Byrne said: “Cameron’s marriage plan does
nothing for 19 of 20 couples but put a tax rise on their cars and holidays.
“He broke his promise to help all marrieds when he was forced to admit his
plans didn’t add up. Now he’s in the absurd position of having a married couples
policy that leaves the majority of them worse off.”
Signed into law by president Barack Obama in 2010, the Dodd-Frank legislation has tightened regulation of the US financial system
Just when SMEs thought they knew the lie of the land in terms of the Brexit timescale, Theresa May has caught them by surprise. Salvador Amico of Menzies asks how SMEs should react to the news of a snap election on 8 June
With the general election on 8 June, CIOT has warned against rushing through extensive legislation without adequate scrutiny and an appropriate timeframe to make necessary amendments
Yet, KPMG’s annual survey shows that the UK is still an attractive place to do business, despite falling in rankings in tax competitiveness and FDI appeal