Osbourne planning tax cuts for the rich

[Kevin Doyle]

It will make difficult tax increases for rich here
Kevin Doyle will be dissapointed

For heavens sake, its not going to happen.

[bormotello]

Surprise, surprise: Osborne makes some pro-forma statements regretting the need for a high marginal tax rate, vaguely indicating his intent to change it at some indefinite point in the future, and the Guardian presents this as Osborne's flinty determination to help his mates ASAP.

Meanwhile, the rest of us see the words "if the business community wants to make the argument about how detrimental the 50% tax is for investment and job creation, it should go away and do it",​ and we draw our own conclusions.

It was no reason to go to Davos to say to send this message for British wealthy. Main purpose of that message is to encourage foreign investors(including Irish) to settle in Britain and pay lower taxes there

[bormotello]

For heavens sake, its not going to happen.

How do you know?
If Ireland is attracting investments by low corporate taxes, why British cannot do it by lower income taxes?

[Sync]

This is not much of a shock or even a discussion point is it? Tory boy acts like Tory and implements Tory policies. Shock!

Tory boy listens to economists BBC News - Top 50p tax rate damages UK, say economists and the Labour Party Time to think again about the 50% tax rate? and decides a temporary tax rate should be temporary. Really all he's doing is planning on honouring Labour's commitment.

The public always liked it, but Labour never got economists onside, and they never really got their own economic experts into it either, including Darling himself and Byers. It was a sticking plaster measure which, like all plasters, would start to rot if left on too long.

The 50% was never going to be permanent, it's only a question now if it's an appropriate time to roll it back.

[Kevin Doyle]

How do you know?
If Ireland is attracting investments by low corporate taxes, why British cannot do it by lower income taxes?

Are you joking here or are you serious?

[Kevin Doyle]

Tory boy listens to economists BBC News - Top 50p tax rate damages UK, say economists and the Labour Party Time to think again about the 50% tax rate? and decides a temporary tax rate should be temporary. Really all he's doing is planning on honouring Labour's commitment.

The public always liked it, but Labour never got economists onside, and they never really got their own economic experts into it either, including Darling himself and Byers. It was a sticking plaster measure which, like all plasters, would start to rot if left on too long.

The 50% was never going to be permanent, it's only a question now if it's an appropriate time to roll it back.

Osbourne has no intention of repealing it, its pretty clear from what he said that his hands are tied on the issue, you are incorrect in your assessment here.

Oh and incidentally taxes tend to stick, the 50% tax rate isn't changing anytime soon. It has boosted revenue and the UK is broke, it cant afford to change the tax policy regardless of what 20 bought and paid for economists say on behalf of the wealthy.

[Houyhnhnm]

I'm shocked that so many posters on a political forum actually believe a politician's claim about a tax being temporary when every tax starts out as a temporary measure.

[momentimori]

It was no reason to go to Davos to say to send this message for British wealthy. Main purpose of that message is to encourage foreign investors(including Irish) to settle in Britain and pay lower taxes there

Britain is a massive tax haven for foreigners.

Nom-dom status is free for several years then only a fairly nominal annual fee for the mega rich to keep it.