Steve Gee

Liberal Democrat Candidate for Epsom & Ewell

  • Steve Gee

    I am your Liberal Democrat Candidate for the General Election.

    This blog gives you my views on current political issues.

    It also covers some Lib Dem
    policies that I think are particularly important.

    Steve

  • Contact Details:

    98 Nork Way,
    Banstead,
    Surrey SM7 1HP.
    01737 362810
    steve@steve4epsom.com

  • Administration

  • Published and promoted by Derek Harwood on behalf of Stephen Gee and the Epsom & Ewell Liberal Democrats all at 38 West Farm Close, Ashtead, Surrey KT21 2LJ.

    Printed (hosted) by Automattic Inc (WordPress.com) 570 El Camino Real, Redwood City, California 94063, USA.

Fair taxes

Posted by Steve Gee on Thursday 18 May 2017

In order to balance the books and build a sustainable economy for the future we must ensure that everyone pays their fair share. Liberal Democrats have a longstanding commitment to fairer taxation, and in government we raised the personal allowance for Income Tax. It remains our ambition to make taxes fairer and simpler, to help those on low and middle incomes, and to ensure that those on the highest incomes, and large international companies, make a fair contribution. We will:

  • Aim in the long-term, and as resources allow, to raise the employee national insurance threshold to the Income Tax threshold, while protecting low earners’ ability to accrue pension and benefit entitlements.
  • Ensure those with the highest incomes and wealth are making a fair contribution. We have identified a series of distortions, loopholes and excessive reliefs that should be removed. These include reforms to Capital Gains Tax and dividend tax relief, and refocusing entrepreneurs’ relief. We would reverse a number of the Conservatives’ unfair and unjustified tax cuts, including:
    • The cutting of Corporation Tax from 20% to 17%.
    • Capital Gains Tax cuts.
    • Capital Gains Tax extended relief.
    • The Marriage Allowance.
    • The raising of the Inheritance Tax threshold.
  • Take tough action against corporate tax evasion and avoidance, including by:
    • Introducing a General Anti-Avoidance Rule, setting a target for HM Revenue and Customs to reduce the tax gap, and continuing to invest in staff to enable them to meet it.
    • Reforming Corporation Tax to develop a system that benefits the smallest companies while ensuring the biggest multinationals cannot avoid paying sums comparable to nationally based competitors. We will consult on shifting away from a profits-based tax to one that takes account of a wider range of economic activity indicators, such as sales and turnover.
    • Reviewing the Business Rates system, prioritising reforms that recognise the development of the digital economy, lessening the burden on smaller businesses, and ensuring high streets remain competitive. We will also consider the implementation of Land Value Taxation.
  • Conduct a full-scale review into the burden of taxation and spending between generations to ensure that government policy promotes fairness between generations.
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