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1. Garbagegate - A Stealth Tax Compendium
Here is our list of more than 150 Stealth Taxes, which New Labour has sneaked in to fund its policy of tax, spend and waste. Read it and weep, as they say!
URL: http://myweb.tiscali.co.uk/garbagegate/item2/stealth.htm - 68KB - 05 Apr 2008
Excerpt: sneaked in to fund its policy of tax spend and waste latest addition...
2. Tax incentives and tax avoidance | JohnRedwoodsDiary
As politicians and some in the media work the country into a frenzy against tax dodgers, please spare a thought for all those politicians and commentators arguing for more tax breaks to promote good works, more gr0wth and healthy lifestyles. One man’s tax dodger is another man’s prudent individual taking advantage of strongly recommended tax breaks which have been carefully honed by government.Some people pay less tax because they give generously to charity, some because they are making accelerated savings for retirement so they will not depend on benefits and taxpayers in their old age, some because they are investing in places and causes approved by politicians, some because they are lending their money to the government to spend on public services.
URL: http://johnredwoodsdiary.com/2012/12/04/tax-incentives-and-tax-avoidance/ - 227KB - 15 Dec 2012
Excerpt: comments feed john redwood s diary tax incentives and tax avoidance...
3. Hunting tax avoidance schemes
There is general enthusiasm for exposing tax avoidance schemes, and trying to get more people and companies to pay their “fair share” of tax. The PAC has said we should shame tax dodgers.Those in Parliament keenest on this approach should recognise that the prime source of tax avoidance schemes in the UK is the UK government. It is the laws approved by Parliament. Should they then shame themselves?
URL: http://johnredwoodsdiary.com/2013/02/20/hunting-tax-avoidance-schemes/ - 189KB - 11 Dec 2013
Excerpt: feed john redwood s diary hunting tax avoidance schemes comments feed rsd...
4. Ted Cruz's `Business Flat Tax:`¯ A Primer | Tax Foundation
Senator Ted Cruz of Texas has proposed a tax plan that involves a rather unusual tax not currently seen in the United States. Iā€™m pre-emptively writing this post to try to help people understand how this tax would work, because in my experience very few American journalists or even economists know how it would work. Itā€™s actually a little simpler than the fancy nomenclature...
URL: http://taxfoundation.org/blog/ted-cruz-s-business-flat-tax-primer - 65KB - 11 Jan 2016
Excerpt: skip to main content utility menu tax basics tax topics videos maps...
5. How much extra revenue do you get from cutting the top tax rate - The Treasury says £4billion
As always the Red Book published at the time of the last budget rests unread by many MPs and commentators. In it is the following interesting figures:Revenue from self assessment Income Tax2011-12 £20.1 billion2012-13 £22.3 billion2013-14 £22.9 billion2014-15 £28.5 billionSelf assessment tax receipts are dominated by receipts from higher rate taxpayers. 2011-13, when they average £21.2 billion a year , is in the period of the 50%tax rate. 2013-15, when they average £25.7 billion, is a period of the lower 45p rate.The figures also include, of course, the impact of the reduced allowances on the tax revenue, which the Treasury forecasts to increase revenues by £490 million in 2014-15, but to have no impact in 2013-14. So if we exclude that effect, the average Self Assessment revenue for the second two year period comes out at £25.45 billion, still £4.25 billion higher per year than at the 50p rate.So according to the government they will average £4.25 billion a year more at the 45p tax rate they are currently averaging at the 50p tax rate.
URL: http://johnredwoodsdiary.com/2012/04/18/how-much-extra-revenue-do-you-get-from-cutting-the-top-tax-rate-4-billion-a-year/ - 150KB - 11 May 2012
Excerpt: do you get from cutting the top tax rate 8211 the treasury says a 4...
6. The government thinks it’s about us, we think it’s about them
Most people want their government to collect sensible amounts of tax and to provide decent services for the money. They wish the government to uphold the law against criminals. They think most our problems are ones coming from too much law, not too little, or from imperfect enforcement of laws we do have against criminal activity.Modern bureaucratic government seems to think most of the problems come from the actions of the people.Health officials want people to be less fat, to eat a better diet, drink less alcohol, take more exercise. They may be right that this would make people healthier, and delay their time with doctors and hospitals to older age. Meanwhile the public wants the NHS to be there for them whatever they do. Some resent the taxes and regulations used to try to change our lifestyles.More resent the work of the green police.
URL: http://johnredwoodsdiary.com/2012/04/10/the-government-thinks-its-about-us-we-think-its-about-them/ - 219KB - 11 May 2012
Excerpt: to collect sensible amounts of tax and to provide decent services for...
7. People are feeling the squeeze | John Redwood's Diary
Out on the doorsteps the voices of voters can be heard complaining of just how much money government takes from them in differing ways. There are many complaints about public sector car park charges, the Congestion Charge in London, the Council Tax, taxi licence charges, planning fees, Stamp duties, Child Benefit withdrawal, tax credit changes, higher National Insurance, rising postage stamp prices, the failure to increase the Age Allowance for pensioners, the charity tax allowance changes: I have even had a strong complaint about ice cream vendor licence charges. From public sector workers come worries about their pension contribution increases and the worsening of the terms of their pension plans.The doorsteps are reflecting the growing feeling I have that we have reached tax saturation point.
URL: http://johnredwoodsdiary.com/2012/04/15/people-are-feeling-the-squeeze/ - 284KB - 11 May 2012
Excerpt: charge in london the council tax taxi licence charges a planning...
8. Entrepreneurs still on strike
Mr Brown left the Coalition government a nasty posion pill. He put Income tax (and NI) up to 52% on top rate payers, and he raised National Insurance, the tax on jobs. The incoming goverment moved a little to take some of the sting out of the NI, but left the high top rate of Income Tax in place. They then added to the problem by raising Mr Brown’s very competitive 18% rate of Capital Gains Tax to 28%.
URL: http://johnredwoodsdiary.com/2012/03/02/entrepreneurs-still-on-strike/ - 222KB - 14 Mar 2012
Excerpt: a nasty posion pill he put income tax and ni up to 52 on top rate payers...
9. Labour's mansion tax plan will kill house sales and trigger £2 billion slump in stamp duty |...
Labour's mansion tax would unfairly penalise the elderly, slow the housing market and trigger a £2billion slump in stamp duty, a damning report reveals.Ed Miliband has claimed the controversial proposal to impose a levy on homes worth over £2million would raise £1.2billion a year, which could pay for thousands of extra doctors, nurses and midwives.But the study shows this is ‘overly optimistic’ and the policy could actually cause a loss in stamp duty receipts of almost £2billion in just six years. This drop could, the report says, be ‘even greater than the proceeds’ of the new mansion tax – rendering it pointless. Despite Labour’s claims that it would be a tax on the rich, academics said the policy did not ‘necessarily target wealth’.
URL: http://www.dailymail.co.uk/news/article-2853524/Fatal-flaws-mansion-tax-Labour-plan-kill-house-sales-trigger-2-billion-slump-stamp-duty-damning-report-reveals.html - 351KB - 29 Nov 2014
Excerpt: next fatal flaws in mansion tax labour plan will kill house sales...
10. Why did self assessment Income Tax decline so much at the 50% rate?
In 2008-9, well into the financial crisis, the UK state raised £22.5 billion in Self Assessment Income Tax, with a top rate of 40%. The following year, the last year at 40%, saw another £21.7bn collected.The 50% rate then introduced was assumed by the Treasury to yield a lot more self assessment income tax, as high payers usually have to complete the self assessment process and are an important part of that total. In the June 2010 forecast the Treasury looked forward to raising £29.2 bn from self assessment in 2012-13, and £32,5bn in 2013-14. These forecasts were reduced steadily in successive years. So what actually happened?
URL: http://johnredwoodsdiary.com/2014/07/15/why-did-self-assessment-income-tax-decline-so-much-at-the-50-rate/ - 150KB - 01 Aug 2014
Excerpt: why did self assessment income tax decline so much at the 50 rate...
11. Now LibDems want to tax jewellery: New wealth tax plan to target ALL assets
Families will be forced to pay tax on heirlooms under new plans drawn up by the Liberal Democrats while tax inspectors would have powers to enter homes and value items.Last night, both the jewellery and mansion tax moves were condemned by the Lib Dems’ Conservative Coalition partners as ‘the politics of envy at their worst’.The plans come in a policy document drawn up by party tax experts – including Ms Munt and key Clegg ally David Laws – as groundwork for the Lib Dems’ next General Election manifesto.
URL: http://www.dailymail.co.uk/news/article-2279810/Now-want-tax-jewellery-New-wealth-tax-plan-target-ALL-assets--including-buy-let-homes.html - 203KB - 17 Feb 2013
Excerpt: 5 day forecast now they want to tax jewellery new lib dem wealth plan...
12. Expert: Hillary Clinton ‘Doesn’t Get’ Death Tax; It Hurts Regular People More than Billionaires
Steve Moore, an advisor on Donald Trump’s tax plan and a distinguished visiting fellow at The Heritage Foundation’s Institute for Economic Freedom and Opportunity, laughed at Hillary Clinton’s charge that Trump’s plan to terminate the federal estate tax — also called the death tax — would save his family $4 billion dollars.“She says we’re going to get $4 billion from Donald Trump on the death tax? No you’re not, you’re not going to get anywhere near that,” he chuckled, dismissing the claim Clinton made while campaigning in Ohio on Wednesday. “The people who tend to get killed by the death tax are not people like Warren Buffett, Bill Gates, and Donald Trump — they have tax advisors.”An analysis by the Tax Foundation found that if the federal estate tax were repealed, 139,000 jobs would be created, the GDP would receive a boost, U.S. capital stock would increase by 2.2 percent and federal revenue would also eventually increase.
URL: http://www.breitbart.com/2016-presidential-race/2016/08/18/expert-hillary-clinton-doesnt-get-death-tax-it-hurts-regular-people-more-than-billionaires/ - 64KB - 19 Aug 2016
Excerpt: 8216 doesn 8217 t get 8217 death tax it hurts regular people more than...
13. I agree with Nick and with Vince!
I thought this government was going to extend our civil liberties. They made a good start, removing the threat of compulsory ID cards, and changing detention without trial. I have no wish for them to increase the surveillance of the state, and hope Mr Clegg wins his battle over the latest database issue.Nor do I think it a good idea to cut the tax relief available for charitable giving. As I wrote on 8th April here, that policy is at variance with the Big Society idea. The Treasury needs to grasp that large donors to charities do not make money themselves out of the gift – they are just being generous. The charity gets the extra advantage from the tax break.I was surprised to hear Vince Cable say he did not want this proposal. Not because I expect Vince to keep to collective responsibility and defend the government, but because I thought the limitation of total tax relief available to the rich was a Lib Dem idea brought into the budget.
URL: http://johnredwoodsdiary.com/2012/04/14/i-agree-with-nick-and-with-vince/ - 212KB - 11 May 2012
Excerpt: i think it a good idea to cut the tax relief available for charitable...
14. Tax matters
Ms Harman was disarmingly honest when she recently told a radio interviewer that she thinks people on middle incomes should contribute more through their taxes. So today I am looking at Labour’s various suggestions of who might pay more tax and how, inviting comment on these potential policies.
URL: http://johnredwoodsdiary.com/2014/08/01/tax-matters/ - 107KB - 01 Aug 2014
Excerpt: comments feed john redwood s diary tax matters comments feed rsd john...
15. Ed Balls leaves the door open to middle class tax raid | Daily Mail Online
In an interview the shadow chancellor repeatedly refused to rule out using the point at which the higher income tax rate kicks in to raise money to balance the books.
URL: http://www.dailymail.co.uk/news/article-3021101/Could-Labour-drag-paying-40p-tax-rate-Balls-leaves-door-open-middle-class-tax-raid.html - 387KB - 01 Apr 2015
Excerpt: bitmap 1 jpg are labour planning a tax raid on the middle classes if they...
16. Morality and taxation
Tax is a necessary evil. Tax is never popular. Most of us accept that we should pay some tax. We are willing to see money given to people who cannot fend for themselves. We accept some social insurance to help people going through a bad patch, or who have lost their job. We need some common defence. In the UK there is strong public support for state financed healthcare and education. All these things need paying for from taxes.
URL: http://johnredwoodsdiary.com/2012/07/25/morality-and-taxation/ - 128KB - 08 Aug 2012
Excerpt: july 25 2012 a a a a a a a a a a a tax is a necessary evil tax is never...

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