+++ EXCLUSIVE +++Tax Policy Emergency : “Call in the Smith Institute”

The non-political charity known as the Smith Institute, which is in no way a front for the Brownies, is having a Downing Street seminar on Wednesday next week.

The subject? “Fair Tax” – which is the political hot-issue of the moment for the Brownies. Is this what Gordon meant this morning when he said he wanted more time to “forensically” take apart Osborne’s proposals?

Judging by the copy of the invitation Guido has obtained, it looks like the Smith Institute is being tasked with developing a political response strategy for dealing with the non-domicile and inheritance tax proposals – Osborne has pushed Brown into uncomfortably defending tax-free billionaires. Something the Brownies would not have been expecting…

No wonder Smith Institute director Wilf Stevenson is inviting people to 11 Downing Street “with the kind permission of the Chancellor of the Exchequer”they need a new tax philosophy and fast.

UPDATE : The respected Institute for Fiscal Studies is distinctly unimpressed at the claim that the event is part of a jointly held seminar series. Bonnie Brimstone the events organiser at the IFS told Guido she had not heard anything about it, Robert Chote the Director of the IFS was more diplomatic, when Guido put it to him that Wilf’s invite said it was a joint seminar he demurred “I wouldn’t describe it that way”.




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