Will politicians come clean on tax hikes?

October 29, 2009

stephen-herring-press-pic
As political parties step up their campaigning ahead of a general election due by June 2010, voters need to know exactly how politicians plan to tackle a projected deficit of 175 billion pounds, says Stephen Herring, senior tax partner at accountancy firm BDO LLP.

In a report titled “Time to Break the Silence” BDO suggests there will not only be cuts in public spending, but substantial business tax increases.

The firm argues that voters have the right to be properly informed about where the changes will be made and says that an additional 25 billion pounds a year in taxes might be required in the medium term to rebuild national finances.

“It may come as little surprise to see that almost every business is expecting to be hit by tax rises next year, but it’s disappointing to see that even after the [political] conference season, we’re still in the dark over the parties’ tax policies,” Herring said.

Comments

It is indeed a scandal that we are being kept in the dark about politicians’ planned tax rises. However, recent events have shown the utter ineptitude of governments and the dishonesty of politicians. We are being ruled by people, both nationally and supranationally, who are little better than gangsters, and moronic gangsters at that. Will somebody please start campaigning seriously for less government (and I mean slashing it by about half, for starters) and a tax rate that never exceeds 20%, for anybody at all. Ideally it should be lower than that.

If you are a criminal and you receive a non-custodial sentence in the UK, the maximum amount of community service to which you can be sentenced is 200 hours, just 5 weeks of work. Given that the likely recipients of that sentence have never contributed a penny to the nation’s finances, is it not utterly scandalous that the vast majority of people, year in year out, without having done anything wrong, are sentenced to at least three times that sentence through taxation?

Forget “scandalous” – it’s a crime.

Posted by Matthew | Report as abusive
 

The fact that many politicians are scandalous says to me that to overcome this constant struggle, in the long term, for transparency in the Government, there must be a stop to initiation/employment by peers in the political parties. We need new fresh blood, from a different gene pool, in this sector and a little ‘boat rocking’ will probably do us all a bit of good and keep our politicians more honest.

Posted by Tim | Report as abusive
 
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