Compare and Contrast: Candidates Effective Tax Rates

Ken has released information on the income that he decided to pay tax on, while simply choosing to ignore the rest. When Silveta Ltd’s numbers from all of his media earnings are included, the true picture of his company wheeze becomes clear. If the Silveta Ltd had actually done anything Ken might have had a leg to stand on, but it did nothing in that time bar employ his wife to write a book. He’s a tax avoider…

WATCH: Cocky Ken Promises to Publish

“Good, that’s easy.”

Just hours after declaring that he would release his income details Ken has shattered another promise.

Video via Liar Politicians

Boris Releases Income and Tax Records

By Guido’s sums Boris percentage of income paid in tax 2010/11 was 45.1%.

Can Ken say the same for his income channelled through Silveta Ltd? 

Brown’s “Not a Single Penny” Un-Spun

When it emerged that Gordon Brown had made £1.4m since leaving office on the international speech circuit, his spinners were quick to point out claim that “not a single penny” had gone to Brown himself and instead it was all given to charity. But that’s not quite true.

The most recent set of abbreviated accounts for the Office of Gordon and Sarah Brown (Ltd.) paint a different picture. Though they do not give a turnover, or how much actually went to charity, or how much was spent on “administration”,  they do show that at least 20,934,300 pennies are being held by the Browns in cash. No income tax on that…

Toff Times for Tories

We now live in a country where caviar is untaxed and a hot pasty is. Guido isn’t sure that’s quite the fairness agenda the government were trying to push and the continued budget hammering is well deserved and will be ongoing. A 10% drop in the latest polls suggests that raising taxes instead of cutting spending isn’t popular. Who knew?

Guido suspects Cornwall is now off Dave’s Easter holiday destination list. His government has fiscally attacked their national dish…

And just when the government are getting it in the neck, walking Tory liability and Young Conservative Chairman Ben Howlett goes out of his way to help matters:

Just the image the Tories want right now…

Labour Abstain on 45p Rate Vote

Division 506 last night covered  the 45p rate of incomes tax. A perfect time for Labour to cement their opposition to the cut after days of noise:

PROCEDURE (FUTURE TAXATION: RATES OF INCOME TAX)

Question put,

That, notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions about income tax taking effect in a future year—

(a) provision that for the tax year 2013-14—

(i) the basic rate is 20%,

(ii) the higher rate is 40%, and

(iii) the additional rate is 45%, and

provision about other rates of income tax.

The House divided:

Ayes 319, Noes 22.

This is despite the promise made by Ed Balls last Thursday that: “There will be a vote next week, and we will vote against the 50p change.” Instead they were whipped into abstaining. Just two Labour MPs bothered to turn up to vote.

Balls claims there was no vote.

Hansard says otherwise…

Pre-Loaded Spinning

As far as Guido can tell, the last time a Ministerial Statement was rushed on to the Friday agenda was when we bombed Libya. Given that the government has bombed quite enough already this week, unsurprisingly this rushed distraction job is not having the desired effect. It failed to push the Granny Tax off of the front pages and has gone down like the proverbial dodgy pint. Theresa May is not helping matters by constantly talking about “pre-loading” to describe drinking cheap alcohol at home before going out. It seems she alone has coined this phrase…

UPDATE: Yvette just gave the Home Secretary a good going over declaring that May “is being used as human shield and she should have said no”. The Shadow Home Secretary also confirmed that there have only been three statements on a Friday in last decade. Two were concerning war and the other Swine Flu.

Murdoch and Mirror Man Maguire’s Money Mystery

Apparently not. With his Mirror job; New Statesman, Public Affairs News and House Magazine columns; BBC and ITV contributions; his weekly slot on Sky News as well being as host on LBC, Guido imagines that our Kev must do though. We should be told!

Ken Promises to Start Paying Tax in May

In a tacit admission that his current tax affairs leave more than a little to be desired, Ken has told our friends at LBC that if he’s elected Mayor he will start to pay income tax. Why hasn’t he been […]

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Will Balls Back Tax Transparency?

Given that this was only put down as a 10 Minute Rule Bill in January, Tory MP Ben Gummer’s tax-transparency campaign looks set to be one of the more successful backbench tales of recent times. Given that Labour only […]

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Young Campaign Rally Star Calls on Ken to Pay Taxes

Taking time out from photoshopping a fake campaign bus, Ken’s team have been whipping up support for tonight’s “eve of campaign rally” near Waterloo Station. Supporters have been lured in on the promise of speeches from the likes of […]

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Harman Bashed on Bankers Tax

Ed had his own muddles at his speech today, but this from his deputy is quite something:

Guido could watch this one again and again.[…]

+ READ MORE +



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Liam Fox shreds Cameron’s Calais scaremongering:

“Sad and disappointed to see our Prime Minister stoop to this level of scaremongering, especially as he knows the Calais agreement is nothing to do with the EU and agreed between the two govts”

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