TaxPayers' Alliance reacts to Labour's plan to reverse cuts to Capital Gains Tax

May 01, 2017 12:20 PM

Reacting to Labour's pledge to reverse cuts to Capital Gains Tax, John O'Connell, Chief Executive of the TaxPayers' Alliance, said:

"This is yet another example of politicians making policy on the hoof, promising more money by hiking taxes. In any case, all the evidence shows that cutting CGT has positive effects for the broader economy. If Labour wants to promise more money for a certain service, they should get real and suggest spending reductions elsewhere to pay for it instead of seeking to dip their hands in taxpayers' pockets."

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