The Gary Null Blog

Top

Follow/Subscribe

Recommend “Simon Read” - Income tax: Help for the poor now - and for the rich in time (Email)

This action will generate an email recommending this article to the recipient of your choice. Note that your email address and your recipient's email address are not logged by this system.

Email Article Link

The email sent will contain a link to this article, the article title, and an article excerpt (if available). For security reasons, your IP address will also be included in the sent email.

Article Excerpt:

Lower tax threshold raised but Osborne indicates 50p tax rate will not survive

Simon Read

March 24, 2011

http://www.independent.co.uk/money/tax/income-tax-help-for-the-poor-now--and-for-the-rich-in-time-2251108.html

With a little bit of tinkering with the tax thresholds, the Chancellor has achieved a political juggling act. On the one hand, raising the lower tax threshold is a decent sop to the Liberal Democrats – it was one of the cornerstones of their election manifesto. Meanwhile he has signalled he hasn't forgotten the traditional wealthier Tory supporter by setting up a consultation to scrap the 50 per cent tax rate.

Mr Osborne announced that the latter was a "temporary measure". That's a clever move to keep his voters happy as the implication is that he will ease their pain as soon as he can. It also gives enough notice to the wealthy for them to "manipulate the timing of their income to their best advantage", as Tony Bernstein, senior tax partner at HW Fisher & Company put it.

Article Link:

Your Name:

Your Email:

Recipient Email:

Message:

	The latest from Gary Null - garynullfilms.com! Now you can instantly stream
Gary's films online. Each film costs 4.95, and you can view it straight from your computer!

The Gary Null Blog

Gary Null's latest shows and articles:

Recommend “Simon Read” - Income tax: Help for the poor now - and for the rich in time (Email)

Email Article Link