Whatever our differences we share the view that the next Labour leader must look afresh at Labour’s current position on the Personal Allowance and Corporation Tax. These hugely expensive tax breaks disproportionately benefit those at the top of the income distribution and the wealthy.
Yes, that’s right. The idea that the lowly paid do not contribute, from their lowly incomes, to the costs of running the nation is a hugely expensive tax break.
All your money are belong to us really, isn’t it?
There is no evidence that they are politically necessary.
I would love, just love, to see them try that. Can you imagine the political reaction to income tax starting at £1 of income?
And nor can it seriously be suggested that they further the aims of the Labour Party:
The Labour Party thinks that the poor should pay income tax? Srsly?
We know that the Labour Party in opposition lacks the technical resource at the disposal of a sitting government. This affects profoundly its ability to make the right interventions and develop sound policy. It also has, to our knowledge, no Parliamentarians with a detailed technical knowledge or who communicate confidently in the field. Vitally, it has no retained advisers who are expert in tax. But this has not just been a problem for the Party when in opposition: in Government the quality of its decision-making has also at times reflected a cultural insecurity. It has too often been timid when it could and should have been bold.
In that case we make a simple, but we think essential request: we call on all the Labour leadership candidates to commit to increasing the tax expertise in and of the Labour Party. In or out of office its voice on this key issue is vital to its role in our parliamentary democracy. It has a duty to be competent, coherent, consistent and calculated about tax as a result whilst placing this issue firmly in the consciousness of left of centre political debate, where it belongs.