Financial Times Reveals the Flaws in Conservative Tax Plans for Marriage
January 11, 2010 11:24 AM
The Financial Times has revealed in detail the muddled thinking behind the Conservatives proposals for transferable tax allowances to support marriage. In agreement with local Lib Dems the FT concluded that "The beneficiaries of (the Conservatives') transferable tax allowances are single-earner couples who tend to be at the upper end of the income distribution. The policy is therefore a straight-forward redistribution from poor to rich.
"What's increasingly clear is that people who know about these things are unconvinced by George Osborne's plans for taxation and the economy.
"It's clear the Conservatives' leadership simply don't understand how the ordinary man and woman in the street live." says local Lib Dem spokesman Julian Tisi.
Related Links
- Read about the Conservatives plans for and record on recognising marriage in the tax system @ the Financial Times
- Read about the Conservatives plans for and record on recognising marriage in the tax system from the Financial Times @ www.windsorlibdems.org.uk
- Read about the Conservatives plans for and record on recognising marriage in the tax system @ the Guardian
- Read about the Conservatives plans for and record on recognising marriage in the tax system from the Guardian @ www.windsorlibdems.org.uk