THE SANCTITY OF SEPARATE TAXATION

摘要

We never see dissent in the boardroom or in partnerships when profits are good and the money is rolling in, but when money is tight the picture is very different and so we see this with the government. After years of profligate spending with increasing tax receipts and extra borrowings, the economic crash has resulted in a scrabble for cash. Years ago, the government very sensibly separated benefits and taxes, enabling a reduction in administration but also introducing separate taxation for couples. Indeed, the only taxes still linked with marriage were the incident-led taxes of capital and inheritance taxes.