TaxCorporate TaxCameron pledges tax reform to woo Lib Dems

Cameron pledges tax reform to woo Lib Dems

Tory leader eyes tax reform to bring Lib Dems on-side

The
Conservatives
will place a reform of the tax system at the centre of its offer to work with
the Lib Dems as part of providing a stable government.

Presenting his statement to the public with a hung parliament, Cameron said
that the Tories had “common ground” with the Lib Dems in many areas, including
lowering the tax burden for those who can least afford to pay tax.

Cameron spoke of a “big, open, comprehensive, offer” to the
Lib
Dems
. He stopped short of offering a coalition, but suggested more
than just a ‘confidence and supply’ arrangement, where a minority government
governs through agreements over certain policies.

The Lib Dems outlined increasing the basic personal allowance to £10,000, and
introducing a ‘mansion tax’ of 1% on properties worth more than £2m, as key
planks for their tax policy, as well as leaving just a basic rate of pensions
tax relief.

Further reading:

Blog:
Tax and the election horse trading

Accountants
emerge as winners on election night

Election
2010: Accountants fight for seats

Election
poll: Who has the best tax policies?

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

3m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson