TaxPersonal TaxRich will pay more taxes, say LibDems

Rich will pay more taxes, say LibDems

Danny Alexander says that the government will go further in raising money from the wealthiest

THE GOVERNMENT will make the rich pay more taxes, chief secretary to the Treasury Danny Alexander has indicated.

Liberal Democrat Alexander (pictured) told his constituents in the Scottish Highlands that the coalition government was “already raising more from the wealthiest” and will go further this year, the Independent has reported.

“With more austerity now needed, and with grossly excessive top pay awards showing total disconnection from reality, we will need to look at further steps to ensure greater fairness this year, too,” he added.

The LibDems have called for a “wealth tax”, such as a levy on properties worth more than £2m. However, the Conservatives have been more inclined to close tax loopholes – the Independent suggests that this will include rich individuals who invest in high value properties in London but the ownership is registered abroad.

Related Articles

Government should rethink “digitally distracted” HMRC, ATT urges

Administration Government should rethink “digitally distracted” HMRC, ATT urges

2y Fraser Simpson, Reporter
UK has ‘vital role to play’ in beating tax evasion, declares Panama Papers whistleblower

Corporate Tax UK has ‘vital role to play’ in beating tax evasion, declares Panama Papers whistleblower

2y Fraser Simpson, Reporter
Parliament to debate digital tax accounts this month

Administration Parliament to debate digital tax accounts this month

2y Calum Fuller, Reporter
Knight's suitability as OTS chief questioned by MPs

Corporate Tax Knight's suitability as OTS chief questioned by MPs

2y Fraser Simpson, Reporter
Macpherson to leave Treasury after 10 years in Permanent Secretary role

Corporate Tax Macpherson to leave Treasury after 10 years in Permanent Secretary role

2y Chris Warmoll, Writer
Holyrood to rule out income tax increases despite new powers

Corporate Tax Holyrood to rule out income tax increases despite new powers

2y Calum Fuller, Reporter
Jamie Oliver adds voice to growing calls for sugar tax

Corporate Tax Jamie Oliver adds voice to growing calls for sugar tax

2y Calum Fuller, Reporter
Cut Scots' income tax and target sugar, committee told

Personal Tax Cut Scots' income tax and target sugar, committee told

2y Calum Fuller, Reporter