The Rest Is Money 113. Dan Neidle: Labour Put Up The Wrong Taxes
37 snips
Nov 17, 2024 Dan Neidle, a tax lawyer and campaigner known for his insightful analysis, joins Steph and Robert to discuss the implications of recent tax hikes, particularly the increase in employer national insurance, which he argues harms employment and low-income workers. He critiques Labour's proposed VAT on private school fees and discusses the need for inheritance tax reforms, urging farmers to trust their heirs. Neidle also highlights the complexities of capital gains tax and advocates for fairer tax policies to ensure equitable treatment.
AI Snips
Chapters
Transcript
Episode notes
Impact of Employer National Insurance
- Employer National Insurance primarily affects employed individuals, impacting others less.
- It indirectly suppresses wages or reduces employment, making it regressive and potentially unnoticed by voters.
Tax Gap Components
- The tax gap isn't solely due to large corporations; small business tax evasion and avoidance contribute significantly.
- Addressing this requires on-the-ground enforcement and specialized expertise within HMRC, not just increased funding.
Proactive Tax Investigation
- HMRC should proactively investigate tax avoidance schemes advertised online.
- A dedicated team could monitor social media and online platforms to identify and address these schemes.