Before the Referendum – which seems like another era! – George Osborne said that post-Brexit he would introduce an emergency budget containing £30 billion of extra tax rises or spending cuts. Such a move would sharply escalate the austerity already shrouding much of the country, the impact of which…Read more…
A windfall for Fat Cats – Labour must oppose Corporation Tax Cuts in Finance Bill 2015/16
In the immediate aftermath of the Parliamentary Labour Party’s failure to oppose the Welfare Bill, its MPs with the sole exception of Dennis Skinner abstained on an amendment to decline a second…Read more…
Tackling corporate tax avoidance in the Autumn Statement – measures welcome but will they work?
The Office of Budget Responsibility (OBR) notes that the ‘giveaways’ and the ‘takeaways’ in the Autumn Statement roughly balance out. A huge proportion of the so-called ‘takeaways’ – ie, that will generate net income for government revenues – stem from measures to tackle corporate tax avoidance and…Read more…