Quote:
Originally Posted by Escapee
But they won't, they will start with the easy targets!
The first will be on money earned via PAYE, it's the only source of income they are guaranteed to collect. The first target will most likely be pension tax relief, with think-tanks saying it costs a lot of money. (That always gets me, the left seem to think it's free money being given to others but not them)
I also suspect that pay per mile and free parking provided by an employer could be potential targets, anything that hit those who work.
They may not touch employee tax or NI, but it will likely be employers NI that will increase. Corporation tax is another likely area that they will target, the knock on will be stagnation of wages except for those working for their unions.
There are too many Labour MPs with property portfolios to hit landlords, they will need private landlords to house all the immigrants that are going to get amnesties and the ones he will agree to take from the EU, unless of course Angela meets her house building target.
They won't be chasing unicorn tax from the rich, it will be the easy targets that get clobbered.
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Another easy target is the Tax Free Allowances, freeze them for even longer.
Of course, if you're getting a 20% or more payrise, you might not notice so much.