How much tax should we pay?
Tax returns and outstanding tax have to be in by the end of this month and today I was in telephone dialogue with Revenue & Customs to establish how much I owe them (it turns out that they owe me).
After ten years of a Labour Government and in the run up to a leadership election that could set the direction of the Labour Party for another ten years, the Compass group understandably feels that we need to debate new ways of thinking about the economy and taxation and how we can put our money behind a vision for the good society. So they have published a thoughtful paper entitled “A New Political Economy”.
As a response, today the right wing tabloid, the “Daily Express”, reports that Compass is leading the charge on a “62% tax raid on middle Britain” in a piece of political commentary masquerading as reportage. You can read the Compass response here.