With a general election widely predicted for Spring 2024 the major parties will be drafting their manifestos over the next few months. Here are my suggestions for what they should – and importantly should not – include in relation to tax.
I am not making policy proposals about whether taxes spending and borrowing should go up down or remain the same – those are political decisions for the parties to take. What I am seeking to do is to point out the implications of different policy decisions: for example if a party wants to spend more on the NHS and does not want to borrow more then taxes will have to go up. Which tax increases would raise money most efficiently...
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With a general election widely predicted for Spring 2024 the major parties will be drafting their manifestos over the next few months. Here are my suggestions for what they should – and importantly should not – include in relation to tax.
I am not making policy proposals about whether taxes spending and borrowing should go up down or remain the same – those are political decisions for the parties to take. What I am seeking to do is to point out the implications of different policy decisions: for example if a party wants to spend more on the NHS and does not want to borrow more then taxes will have to go up. Which tax increases would raise money most efficiently...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: