Robin Williamson Technical Director of the Low Incomes Tax Reform Group considers the 2008 Pre-Budget Report from the perspective of people on low incomes
As is fitting at a time of economic turmoil the Chancellor in this Pre-Budget Report has concentrated many of his proposals on the more disadvantaged sections of society. We greatly welcome his approach and hope that his measures will have the effects he anticipates.
In any discussion of how the tax and related benefits system should treat people on low incomes there are two overriding considerations.
● Any of those on low incomes are in debt. The best financial strategy for them is to repay that debt.
● Any with the smallest budgets are not taxpayers ...
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Robin Williamson Technical Director of the Low Incomes Tax Reform Group considers the 2008 Pre-Budget Report from the perspective of people on low incomes
As is fitting at a time of economic turmoil the Chancellor in this Pre-Budget Report has concentrated many of his proposals on the more disadvantaged sections of society. We greatly welcome his approach and hope that his measures will have the effects he anticipates.
In any discussion of how the tax and related benefits system should treat people on low incomes there are two overriding considerations.
● Any of those on low incomes are in debt. The best financial strategy for them is to repay that debt.
● Any with the smallest budgets are not taxpayers ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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