Liberal Democrats want to tax you more

Hidden in the long Liberal Democrat Manifesto are some higher and new taxes for many who own property or have saved and invested in shares and bonds.

Most people know they want to impose a “High Value Property levy” with bands with progressively higher tax rates. They say it will start off at £2 million, but if they ever got it going they would be tempted to bring the starting point down.
Few people know they want to impose a Land Value Tax on all property. They wish to order the Land Registry to register every piece of land in the country quickly so they could get on with a new tax on it. They have not explained how much they want to raise, but have said it will raise more than business rates which of course only apply to commercial premises anyway.
They state they want to increase the take from Capital Gains Tax. They wanted a higher rate in the last Parliament.
They wish to cut dividend tax relief.
They want a general anti avoidance rule, without saying which current legal ways of paying less tax they would wish to ban.

To pay for all the other things in their Manifesto they would need to get a lot of money from property owners and savers. Beware.

Published and promoted by Thomas Puddy for John Redwood, both at 30 Rose Street Wokingham RG40 1XU

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One Comment

  1. Tad Davison
    Posted April 22, 2015 at 3:04 pm | Permalink

    I don’t usually say anything good about the BBC, but I highly recommend everyone watches today’s (Wednesday) Daily Politics Election Debate on BBC 2 from 2:00 pm. It was about the economy, and it blew one or two out of the water, although the revelations for some, might not hold many surprises for most who post on this blog.

    In the main, the theme was about public spending, borrowing, and how the hell these people hope to pay for their extravagances and ‘sweeteners’. I won’t spoil it for you, but see if you can watch it without swearing.

    Tad

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    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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