Filthy Finance Bill
This year's Finance Bill is published today. It is 443 pages long. There are 1,148 pages of Explanatory Notes. It is another filthy tax bill from a Government dedicated to the great cause of complete bamboozlement.
This tax bill underlines the need for change. Rather than an ever more complex tax system which makes us personally ever poorer and as a country ever less competitive we need simpler fairer taxes and to promote competitiveness and wealth. This tax bill will make us weaker. Britain should be stronger.
It's not just personal taxation that has risen over the last few years. A small, probably start-up company showing a net profit before tax of just £11,000 can conceivably be paying 1110% more in corporation tax than would have been the case in 2005. This may sound unbelievable but we have the figures to prove it.
Posted by: figurewizard | March 27, 2008 at 15:00
It's not just personal taxation that has risen over the last few years. A small, probably start-up company showing a net profit before tax of just £11,000 can conceivably be paying 1110% more in corporation tax than would have been the case in 2005.
Posted by: figurewizard | March 27, 2008 at 15:01
Accountants and tax lawyers always love a Labour government; everything is so complex and micromanaged that there are huge fees to be made from devising ways of driving a coach and horses through the gaps.
Could we please have a commitment to simplifying the tax system, one founded on common sense, equity and consideration for the least well-off in society?
Posted by: David Belchamber | March 27, 2008 at 17:56