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There's a general feeling that we may actually get fewer taxes and maybe lower tax rates in return for giving up hundreds of allowances and reliefs. We may even get transferable allowances between husband and wife. It's all up in the air, but unless the top politicians get cold feet, we really are looking at a revolution in taxation in the next four years.
Politicians always get cold feet especially as elections get closer and end up watering down proposals - that's why there are hundreds of allowances and reliefs - they were just a pay off to a lobbying group. Look at the joke around getting rid of the 10% tax band - the government then compensated those who lost out.0
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