Sajid Javid set to curb ‘entrepreneurs relief’ in Budget

[jamesbrown]

Almost certainly won't help, but can't hurt:

https://www.thesun.co.uk/news/110841...rap-tax-relief

[WordIsBond]

Well, I have no reason to doubt Corbyn’s explicit manifesto tax promises - which included elimination of ER with CGT becoming income tax rate aligned, with 50% tax rate and corp tax going up with divi tax up also.

It's a shibboleth anyway, he would never have gotten a majority. The likeliest alternative outcome was a coalition that would have restrained many of Corbyn's crazier plans.

The Greens and SNP were the most likely coalition partners (or at least to have confidence-and-supply agreements with Labour).

They would both have agreed to eliminating ER, aligning CGT with income tax, 50% additional tax rate, lower threshold for the additional tax rate, and higher corp and div tax. The SNP is aching to push up taxes in Scotland far more than they have if they could do it without an exodus to England, why would they object?

The LibDums would not have opposed eliminating ER, aligning CGT with income tax, 50% additional tax rate, and at least some increases to corp and div tax. They'd have probably also agreed to lowering the threshold for additional tax, perhaps not as low as Corbyn would have wanted it.

Inheritance tax would have been much worse also.

People say it would have only been a coalition but the SNP and Greens are not substantively to the right of Corbyn on tax.

It's a pity there's no party that is actually economically sensible.

[eek]

It's a pity there's no party that is actually economically sensible.

1) Voters aren't economically literate
2) Even I don't know what is economically sane in the modern world with zombie companies surviving for years past their expiry date.

[MrContractor85]

Petition . Stop Abolition of Entrepreneurs''' Relief . Change.org

Debatable what good these petitions actually do but I've signed and also donated

[AtW]

Petition . Stop Abolition of Entrepreneurs''' Relief . Change.org

Debatable what good these petitions actually do but I've signed and also donated

It’s long past it was debatable - they don’t do tulip even if you get millions to sign up

[ahspooner]

agree with this completely. It might have been a different story if the election was next month, but we're stuck with what we've got, however they turn out to be, for a few years yet

It’s long past it was debatable - they don’t do tulip even if you get millions to sign up

[ladymuck]

Petition . Stop Abolition of Entrepreneurs''' Relief . Change.org

Debatable what good these petitions actually do but I've signed and also donated

Do you know who you've donated to and what exactly will be done with your money? What accountability do they have?

[MrContractor85]

Do you know who you've donated to and what exactly will be done with your money? What accountability do they have?

Apparently it was to publicise it more but to be honest who knows what that actually means and how it manifests itself but it was £6 so I'm not that precious about it

[adubya]

ER remains but with a £1million cap.