Boris Johnson calls for London tax powers

Mayor of London Boris Johnson has backed a new report published today that calls for greater tax-raising powers for London in order to improve the city's infrastructure.

While the exact details are yet to be fleshed out, Johnson expressed confidence that London could gain powers to raise property and other new taxes during his time in office.

While potentially divisive across the country, Johnson said...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Comments

Boris Johnson calls for London tax powers

mikefleming3028 | | Permalink

If The Scottish Parliament will get the right to set their own rate of income tax in 2016 regardless of the independence vote then I think Boris has a point. It may also mean that London residents pay for London infrastructure, this is fair?

 

 

johnjenkins's picture

So Boris

johnjenkins | | Permalink

wants only the wealthy to live in London. Allow property tax (bit like the reverse of London weighting) yes but I can't see how any other tax would work. I suppose the logic is give tax breaks to needy areas and get it back from affluent ares. Touble is with taxes, once started it can spread like wildfire.

There are many other vehicles Boris could use to raise money

Council tax ?

mikewhit | | Permalink

What's wrong with Council Tax - maybe they need a few more higher-rate bands in London ?

 

Perhaps the bands should be like A-level grades used to be: on a percentile basis.