TaxPersonal TaxOnly 1 in 20 to benefit from Tory marriage tax break

Only 1 in 20 to benefit from Tory marriage tax break

Treasury figures suggest tax break would cost taxpayers £600,000

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.”

Further reading:

Cameron
stands by marriage tax plan

Related Articles

Cameron to announce new corporate offence for tax evasion

Administration Cameron to announce new corporate offence for tax evasion

2y Fraser Simpson, Reporter
Tory tax plans ease business’s worries, but personal tax path unclear

Corporate Tax Tory tax plans ease business’s worries, but personal tax path unclear

2y Calum Fuller, Reporter
Labour will add £3,000 to your tax bill, claims Cameron

Personal Tax Labour will add £3,000 to your tax bill, claims Cameron

3y Calum Fuller, Reporter
Cameron's Liechtenstein gaffe

Corporate Tax Cameron's Liechtenstein gaffe

6y Jaimie Kaffash, Writer
Cameron makes CGT climbdown

Personal Tax Cameron makes CGT climbdown

7y David Jetuah, Reporter
Cameron calls for international action on avoidance

Corporate Tax Cameron calls for international action on avoidance

5y Calum Fuller, Reporter
Conservatives abandon ‘mansion tax’

Personal Tax Conservatives abandon ‘mansion tax’

5y Calum Fuller, Reporter
Osborne: 50p rate would hit poor

Personal Tax Osborne: 50p rate would hit poor

5y Calum Fuller, Reporter