Saturday, 8 March 2008

Cable, the Lib Dems’ Treasury Spokesman, Describes Government as “Spineless” Over Preferential Tax Treatment of ‘Non-Doms’

Photobucket
Photo of Vincent Cable, Treasury Spokesman for the Liberal Democrats, courtesy of The Guardian

THE GUARDIAN: 'If we are not careful, Russian and Ukranian oligarchs living in £80m houses might go somewhere else,' Vince Cable tells Lib Dem conference. 'That's tough. Let them go'

Gordon Brown was severely criticised by Vincent Cable today for allowing the "super-rich" to avoid having to pay their fair share of taxation.

Cable, the Liberal Democrats' Treasury spokesman, condemned what he described as "our spineless government" for allowing the rich to enjoy tax breaks not available to the poor.

"The idea that the super-rich should be elevated above taxation is immoral and deeply insulting to those on modest incomes who pay their full whack of tax," Cable said, in a speech to his party's spring conference in Liverpool.

The Liberal Democrats would make the so-called "non-doms" - foreign workers who enjoy tax breaks - pay full taxes after seven years of living in the UK, he said. Tax super-rich properly, Cable tells Brown >>> By Andrew Sparrow, senior political correspondent | Saturday March 8 2008

TIMESONLINE:
‘Non-dom’ peers face ousting By Francis Eliott

Mark Alexander (Paperback)
Mark Alexander (Hardback)