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Jun 9th, 2010

Capital Gains Tax Campaign

By OliverCopsey

George Osbourne

George Osborne

We’ve got just a few days to convince George Osborne not to go back on his plan to increase Capital Gains Tax, so that Britain’s wealthiest people don’t end up paying less tax than everyone else. Increasing the tax in line with income tax levels formed part of the coalition agreement between the Conservatives and Liberal Democrats.

But now it looks like the government is wavering under pressure from Conservative MPs and the right-wing media. Baroness Noakes, a Tory Peer, told the chancellor that a rise in Capital Gains Tax has “no popular support”. We’re working with One Society to build  petition with thousands of our names, to convince George Osborne that he’s wrong and give him the final push he needs to commit to the tax in his Emergency Budget. Sign the petition here http://www.38degrees.org.uk/capital-gains-tax

David Cameron has warned that Britain’s “whole way of life” will be disrupted for decades by “painful” cuts. Spending cuts are always worst for the poorest and most vulnerable people. But if the richest people continue to avoid paying a proper share of taxes, it’s a double injustice. Now is the right time to make sure that everyone shares the burden.

Click here to sign the petition, to help make our tax system fairer:  and ask George Osborne to stand firm on the promise to bring Capital Gains Tax in line with income tax.

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