The Conservatives should think about the implications of what would happen if Labour got serious on this issue.
Posts Tagged: Capital Gains Tax
Ryan Bourne: Why is Sunak so taken with tax hikes – when the tax burden is forecast to be its heaviest for 70 years?
Conservative messaging implies an implicit belief that there are no major state functions ripe for reform in any fiscal repair.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
James Frayne: Big tax rises would make Tory campaigning impossible – in Red Wall seats as well as traditionally blue ones
The public would catch up when growth slowed and redundancies rose. It would become clear that raising taxes on employers doesn’t help anyone.
In the first piece of a mini-series, our guest author also argues the Government should look again at IR35, and make it more worthwhile to work.
Who will their taxes really hit? How much will they truly raise? And can this really be described as a ‘moderate’ agenda?
Phoebe Griffith: To end austerity finally, Johnson needs more than a quick splash of populist spending
The third piece in our series this week about what the Conservative Manifesto should look like.
Targeted tax breaks on investment create jobs and pay dividends for the public purse. The long-term interests of our public services are not served by cutting them.
Robert Colvile: The boost to home ownership that would come from Help to Own – and the work we’ve been doing on it
Alex Morton and the rest of our research team have spent weeks crunching the numbers to ensure that they stack up
Under the current regime, the tax avoidance measure is to simply hang onto the property until death. The Chancellor should fix that flaw.
In the post-leave springtime, it will be worth considering what would happen if all three were abolished and replaced by a single Turnover Tax.
A Council Tax revaluation, and higher bands for higher value properties, would be an acceptable price to pay in return for the abolition of Stamp Duty, too.
This will mean that the Party must enter uncomfortable territory and embrace taxes on wealth and inheritance.
If she tries to work through populist edicts and diktats, she will fail. And if the Right argues that a few tax cuts for the richest will solve our problems, this will be no better.
We need policies to meet the challenge of an ageing population, mass immigration, pressured families, job insecurity – and grotesquely expensive housing.