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- 129. Bedroom tax ‘inspired by last Labour government’ - The Courier
The so-called "bedroom tax" was inspired by an identical policy created by the last Labour government, a Liberal Democrat minister has told the Commons.Don Foster said plans to reduce housing benefit for households with one or more spare room was the same as a Labour policy imposed on private sector housing.The Housing Minister said the plans were a necessary check on the escalating cost of housing benefit.
URL: http://www.thecourier.co.uk/news/politics/bedroom-tax-inspired-by-last-labour-government-1.67318 - 167KB - 12 Jun 2014
Excerpt: home news politics politics bedroom tax a inspired by last labour...
- 130. French millionaire composer Jean-Michel Jarre heads for London and joins growing list of celebrities fleeing 75% Tax Hike | Daily Mail
The 64-year-old musician has met Downing Street officials to discuss relocating his business to London's new Tech City, a media and technology hub in east London.
URL: http://www.dailymail.co.uk/news/article-2255686/French-millionaire-composer-Jean-Michel-Jarre-heads-London-joins-growing-list-celebrities-fleeing-75-tax-hike.html - 197KB - 02 Jan 2013
Excerpt: list of celebrities fleeing 75 tax hike musician may relocate his...
- 131. State debt and the Bank of England
Today I want to concentrate on the narrower definition of the nation’s debts – the £1300 billion of official borrowing in the name of the nation that gets measured in the international comparisons, some 80% of GDP. This excludes the public sector pension deficits, the semi nationalised bank liabilities and the private finance guarantees.
URL: http://johnredwoodsdiary.com/2014/07/13/state-debt-and-the-bank-of-england/ - 216KB - 01 Aug 2014
Excerpt: by a special state sector pensions tax to redress the balance between the...
- 132. Let's cut taxes for people at the top and the bottom - Telegraph
George Osborne's Budget must slash the top rate of tax to incentivise success - but also stop subsidising employers who don't pay the living wage
URL: http://www.telegraph.co.uk/finance/budget/11719531/Lets-cut-taxes-for-people-at-the-top-and-the-bottom.html - 132KB - 06 Jul 2015
Excerpt: s budget must slash the top rate of tax to incentivise success but also...
- 133. Why is the US economy doing better than the UK? | John Redwood's Diary
All the so called neo-Kenysians are out and about telling us that the US is recovering well owing to further fiscal stimulus, whilst the UK is said to be faltering thanks to a government “cutting too far and too fast”. It is time to debunk this nonsense.Let me start by saying I think Keynes was a great economist. His insights into the creation of money, inflation, and growth are important. All mainstream political parties are heir to his traditions in several respects. All agree that the state should borrow to offset a fall in demand in a recession. All agree that there needs to be controls over money and credit creation with a monopoly money system organised by the state. The Central Bank has to decide on overall levels of money and credit. They do not, however, tend to follow his precepts in a boom, when they ought to be asking the state to control spending and repay debt.
URL: http://johnredwoodsdiary.com/2012/04/27/why-is-the-us-economy-doing-better-than-the-uk/ - 255KB - 11 May 2012
Excerpt: sector leaving toxic debt with the tax payer when do we get the money back...
- 134. Jesse Norman: As the election draws nearer, Miliband will be left hanging in the air like Wile...
Let’s be clear: the G8 Summit last week was a mini-triumph. It had the lowest levels of protest in recent memory. The headlines were dominated by the Prime Minister’s determined push for a peace conference for Syria, but there were also important steps forward on a transatlantic free trade area, and on tax and transparency.One might have expected even Dame Polly Toynbee of the Guardian to be impressed by the announcements on tax. Alas, none of it. To which one might ask, what does David Cameron have to do to get a fair hearing? Polly is deeply confused about tax, to be sure. In her haste to get the tax take up, she deliberately adopts the intellectually calamitous tactic of equating taxation with the benefits and public services which it funds (I have discussed this fallacy previously in this column). That makes intelligent debate about the merits of each hard if not impossible.
URL: http://conservativehome.blogs.com/thecolumnists/2013/06/from-jesse_norman-as-the-election-draws-nearer-miliband-will-be-left-hanging-in-the-air-like-wile-e-.html - 31KB - 24 Jun 2013
Excerpt: free trade area and on tax and transparency one might have...
- 135. Internet giants Google and Amazon face tax attack - Telegraph
The Government is to explore an internationally co-ordinated new tax designed specifically to capture the earnings of internet giants including Amazon and Google.Google paid £6m corporation tax on £2.5bn of UK revenues in 2011. Last week Matt Brittin, chief executive of Google UK, said MPs were blaming companies for a system that they had designed.
URL: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9716628/Internet-giants-Google-and-Amazon-face-tax-attack.html - 64KB - 02 Dec 2012
Excerpt: giants google and amazon face tax attack the government is to explore...
- 136. You can't get out of a borrowing crisis by borrowing more
Some have pointed to a paradox in what I argue. I both agree with the government that you cannot get out of a state borrowing crisis by borrowing more, and propose that more credit in the private sector would be a good thing to get the economy moving. These statements need not be contradictory.
URL: http://johnredwoodsdiary.com/2012/06/12/you-cant-get-out-of-a-borrowing-crisis-by-borrowing-more/ - 259KB - 08 Aug 2012
Excerpt: friend in general you can even get tax relief sometimes reply lifelogic...
- 137. Make UK a tax haven to attract investment from millionaires, urges Tory treasurer | Mail Online
Lord Fink has called for Britain to turn itself into a tax haven. The Conservative Party treasurer wants to see rules changed to benefit foreign investors.
URL: http://www.dailymail.co.uk/news/article-2206906/Make-UK-tax-haven-attract-investment-millionaires-urges-Tory-treasurer.html - 173KB - 22 Sep 2012
Excerpt: 13 c clear 5 day forecast make uk a tax haven to attract investment from...
- 138. Ed Miliband is a danger to economy, says CBI president Sir Mike Rake | Mail Online
A leading businessman last night launched a thinly-veiled attack on Ed Miliband, warning that an anti-business government would damage the economy and cost jobs.Sir Mike Rake, president of the CBI and chairman of BT, said the economic recovery is ‘increasingly being exposed to political risk’.Although he did not identify the Labour leader by name, he criticised politicians who offer ‘headline-grabbing policies which sometimes appear aimed more at securing votes than encouraging investment and job creation’.He said: ‘Business is increasingly worried about policy interventions such as on energy, banking, tax and land ownership.’
URL: http://www.dailymail.co.uk/news/article-2575229/Ed-danger-economy-says-CBI-President-warns-anti-business-government-cost-jobs.html - 340KB - 07 Mar 2014
Excerpt: such as on energy banking tax and land ownership a the comments...
- 139. The pain in Spain falls mainly on the private sector
The Euro crisis is returning. Yesterday the cost of borrowing ten year money for the Spanish government hit 5.98%, following a giddy rise in the last few days. The government was forced into announcing another Euro 10 billion of cuts, this time in regional government’s health and education spending.Some of you may recall that recently we read of the most austere budget ever in Spain, with Euro 27 billion of cuts. This was the new government’s fevered attempt to get the Spanish public sector deficit down to 5.3%, from the 8.5% it ran at last year. In 2011 the then government overshot its target of a 6% deficit by a mighty 2.5% of GDP (around 27 billion Euros). This year the new government budgets to overshoot the old 4.4% target by just 0.9% of GDP. These are still large numbers.
URL: http://johnredwoodsdiary.com/2012/04/11/the-pain-in-spain-falls-mainly-on-the-private-sector/ - 154KB - 11 May 2012
Excerpt: to cut the state subsidies income tax goesa up by tapered amounts with a...
- 140. Autumn Statement: Young lives are being ruined because of Britain's timid Treasury - Telegraph
Bold tax cuts in Sweden and Estonia show how to tackle austerity – and create growth and jobs.It may be a little early for Christmas songs, but we still packed in about 160 Spectator readers to our carol service on Wednesday night. It was held in St Bride’s, Fleet St, an immaculate Wren church filled with the sound of perhaps the best choir in London. As we milled around at the back afterwards, with the warm cider and mince pies, I noticed a board where parishioners had anonymously written their intentions. At the top was a prayer you wouldn’t have seen five years ago. “Pray for my son to find a job,” it said. “Please.”A million other mothers will be making the same plea this Christmas, and there was precious little in George Osborne’s Autumn Statement on Wednesday to hearten them. The Chancellor’s political positioning was deft, as ever. But the economic outlook contained in his forecasts is dire. Britain has now been plunged into a Japanese-style “lost decade”; the average wage in 2018 will be the same as in 2008. And that’s if all goes as planned. Even these figures don’t account for the worst of it: youth unemployment is at a scandalous 963,000. It is becoming a national emergency.Yet there was no real feeling of emergency, or even urgency, in the Chancellor’s statement.
URL: http://www.telegraph.co.uk/finance/budget/9727144/Autumn-Statement-Young-lives-are-being-ruined-because-of-Britains-timid-Treasury.html - 65KB - 07 Dec 2012
Excerpt: of britain s timid treasury bold tax cuts in sweden and estonia show how...
- 141. Tax avoidance: simplification not vilification | Institute of Economic Affairs
Commenting on announced government plans to reduce tax avoidance, Mark Littlewood, Director General at the Institute of Economic Affairs, said:
“The government needs to look at the roots of tax avoidance rather than focusing on the morality of the issue. Naming and shaming will have little tangible effect and is grossly unfair, given this activity is legal. Taxpayers are entitled to knowingly prevent the depletion of their income in such a manner.
“Tax avoidance occurs because our system is overly complex and because rates are far too high. If the government wants to reduce tax avoidance it should reduce and simplify taxes."
URL: http://www.iea.org.uk/in-the-media/press-release/tax-avoidance-simplification-not-vilification - 20KB - 24 Jul 2012
Excerpt: and the market economy regulation tax and fiscal policy welfare students...
- 142. Tax Authorities 'Breaking Magna Carta' Over Bank Account Raids
MPs on the UK's Treasury Select Committee have accused tax authorities of riding roughshod over the Magna Carta, with their new powers to empty members of the public's bank accounts with little scrutiny. HM Revenue and Customs (HMRC) say they need to recover tax debts from 17,000 people and claim the debtors can afford to pay.
URL: http://www.breitbart.com/Breitbart-London/2014/07/09/Tax-Authorities-Breaking-Magna-Carta-Over-Bank-Account-Raids - 54KB - 10 Jul 2014
Excerpt: texas breitbart california tax authorities breaking magna carta...
- 143. Steve Baker MP: It's time for flat taxes Comment
I appeared recently on The Daily Politics to advocate tax simplification. In the way of things, the Beeb only used the section where I straightforwardly called for lower, flat taxes. I didn't object - I'm serious: low and flat taxes...
URL: http://conservativehome.blogs.com/platform/2011/06/flat-tax.html - 217KB - 17 Feb 2012
Excerpt: on the daily politics to advocate tax simplification in the way of things...
- 144. BBC tells stars to dodge tax: Staff face the ultimatum, go off the books or face the sack |...
The corporation has admitted to using controversial tactics to cut its tax bill, with the 148 presenters who are off the books thought to include Nick Grimshaw (main), Jeremy Paxman (inset left) and Fiona Bruce (inset right).
URL: http://www.dailymail.co.uk/news/article-2177433/BBC-tells-stars-dodge-tax-Staff-face-ultimatum-books-face-sack.html - 187KB - 23 Jul 2012
Excerpt: forecast bbc tells stars to dodge tax workers face the ultimatum go off...
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