UN Special Envoy Slams Miliband’s Mansion Tax

United Nations Special Envoy and High Commissioner of the UNHCR, Angelina Jolie, has voiced her concerns about Ed Miliband’s mansion tax:

“I’m quite responsible about money. That could put me off [moving to London].”

Wonder who could have put her up to that…

Clip via Channel 4 News.

Greens Will Still Bill Oddie

First Myleene Klass, now Bill Oddie:

Guido hates to break it to Bill that his new preferred party are no friend of mansion owners either. In addition to their wealth tax on people worth over £3 million, and their so-called backdoor mansion tax whacking up rates for wealthier home-owners, the Greens also propose a draconian Land Value Tax. This is from their website:

“Land, the primary source of all real wealth, is the common heritage. We acknowledge that land is held in trust by human society on behalf of other species and future generations, and that land should not be treated as a capital investment nor traded for speculative profit. We therefore assert the principle that no person and no body should have absolute control of land, but only particular rights over the use of it.

The Green Party proposes introducing LVT as a tax payable on the annual value of land… The level at which the tax would be levied would be based on the full value of the current permitted use of the land… Where a property rockets in value, LVT would seek to tax that windfall increase in property value to be re-invested back into the community.”

What’s a mansion owning North Londoner to do?

Working Klass Hero: The People Back Myleene Over Ed

You know it’s bad when the Staggers have to try to spin Ed’s going over by Myleene Klass on last night’s Agenda. Apparently “this row could work in Miliband’s favour.” Hmm, not if the voting public are anything to go by…

Today’s poll on Metro just about says it all:

At least he didn’t sniff a fellow guest on the show, this time.

Who Are These Immoral Tax Raisers?

moral-taxes

“The government has a moral duty to think of these people [taxpayers] in any decisions made on tax and spending” says the Prime Minister. “But what is morally wrong is government spending money as if it grows on trees. Every single pound of public money started as private earning” he continues in The Times.

So who immorally raised VAT to an eye-watering 20%? Who has maintained high combined national insurance and tax rates on everyone earning above minimum wage at Gordon Brown levels? Who allowed inflation to push some million more of the middle classes into the higher rate bracket?

Who introduced 509 tax rises since being elected in May 2010? Who is planning to increase the share of GDP that is taken in taxation by the state to higher levels than under Gordon Brown?

£513 billion in 2009-10, representing 36.5% of GDP
£648 billion in 2014-15, representing 37.0% of GDP
£778 billion in 2018-19, representing 38.1% of GDP

Who would be so immoral?

Tax Avoiding Guardian Sets Up Rival to Tax Avoiding Amazon

Are you a bookworm who can’t bring yourself to boost the profits of a nasty offshore tax-avoiding corporation? Alan Rusbridger has a suggestion for you:

Of course the anti-Amazon Guardian bookshop neglects to mention to potential customers that the newspaper’s offices are owned offshore. Nor do they disclose their owner’s use of a Caymans Islands corporation to avoid stamp duty. Nor that for three quarters of a century the Guardian has been shirking taxes. Even worse, the first thing that appears when you click on the website is Russell Brand’s face…

CON 35 / LAB 34: Tories Take Poll Lead for First Time Since 2012

Tax cuts are popular? Who knew!

Osborne Cuts 40% Boundary Back to Brown Era Levels

2009-10-bandsGuido hasn’t seen this reported anywhere else in the news, the PM’s forward promise to move the 40% threshold up to £50,000 means that the rate will kick in at the boundary level last seen in 2009/10 under Gordon Brown. In 2009 the 40% rate kicked in after £37,400 of taxable income and under a Conservative government in 2020 after a decade in office it would kick in at £37,500 (£50,000 – £12,500). A move in the right direction of £100…

Confused? Well the threshold drag has been a hard-to-headline stealthy massive tax hike by this government. With no other deductions and no change in the N.I. rate – which Guido suspects will be abolished in a final Lawsonian type reform towards which Osborne is ideologically inclined – the net take home figure would only be improved by some £2,100 for a £50,000 earner in 2020 compared to 2010 – a 4.2% relief. Whereas someone on minimum wages making £12,500 in 2020 compared to 2010 will see nearly a 100% improvement in their net take home pay…

(Thanks to bean-counting co-conspirator Q97 for help with the sums.)

Tax Rabbit Saves Dave’s Conference

Guido has never seen a tax cut that he does not like so Cameron’s speech today was certainly lively. The hall loved it and Dave hit their sweet spots in a way he has not since before the last election. Personal allowance up, the threshold for 40% rate up from £41,000 to £50,000. More money kept in the pockets of millions of voters, but… 

Having said that, whatever happened to that last tax rabbit that the Tories plucked from a hat when in a tight spot? Inheritance tax threshold up to a million? 2007? Ring any bells? Guido will believe it when he sees it… 

It may unravel and billions in cuts will have to be found to pay for it all, but in terms of strategy it’s exactly what the Tories needed to do. After last week’s eighty minute snoozefest from Ed Miliband, it’s tough to see how Labour can avoid responding to these pledges directly. UKIP and the LibDems will moan that their ideas have been lifted, which will further please the blues. Over to you Ed…

 

UKIP Launch “Theresa May Tax”

A crass attempt at token Labour-vote stealing communism announced at UKIP conference today. A 25% tax on luxury goods such as £200 shoes, £1,000 handbags and £50,000 cars. UKIP sources are calling it the ‘Theresa May tax’. Claws out […]

Labour Yesterday Pledged to Use Mansion Tax to Reduce Deficit
…Yet Today Miliband Says Money Raised Will Fund NHS

Both the BBC and Channel 4 News last night reported that Labour will pledge to pay for an increase in NHS funding with a ‘mansion tax’ on higher value homes. Last year Ed Miliband committed to spending the revenue raised […]

Dave: Being a Conservative is About Tax and Spend

Discussing the fact that Britain’s poorly costed second aircraft carrier will see active service after all, Dave told the Commons earlier:

“In a nutshell really, that’s the difference between a socialist and a conservative. They dream about having money, where

[…]

Chuka’s Taxing Spin

Chuka Umunna is spinning hard in the Times this morning over Guido’s revelations about his tax avoidance adviser donor. A spokesman for two-faced Chuka says with a straight face:

“There’s no link [between Mr Umunna and Signature Tax]; there

[…]



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Quote of the Day

Andrew Neil on the dying Dead Tree Press

“I read more bloggers now than mainstream columnists, because they’ve got more interesting things to say. Too many columnists today make you think, ‘Yeah, I think you’ve said that 10 times before and I’ve just noticed your column has not go a single fact in it’”.

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