Saturday, 23 February 2013

Labour's latest tax policy - another wrong turn

I was interested to see the leader in today's Independent supporting my own view on the merit of the latest income tax initiative announced by Labour which is described as "... A highly complicated and largely ineffective 10p tax band". As the paper suggests "an altogether better way to ease the burden on the least well off is to take more of them out of tax altogether." it hardly seems rocket science that to create a fair tax system which is difficult to avoid needs an approach which is based on simplicity rather than the over complex tapestry of measures created by the last government which was difficult to understand, complex and left gaps a plenty for those keen to avoid or evade their tax liability. The current government is trying to address this but it would appear that Ed Miliband has still to learn the lesson of recent history.

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