Overview
After days of uncertainty the UK is now getting used to the idea of the first coalition government in more than sixty years. The Coalition Agreement published on 12 May 2010 provides details of some of the policies which the new government will take forward.
Unsurprisingly in the current economic climate, the parties agree that deficit reduction and continuing to ensure economic recovery is the most urgent issue facing the country. The reduction in the deficit is to be achieved by reducing spending and by increasing taxes.
So what can UK taxpayers expect? In this briefing, Baker & McKenzie look at income tax, capital gains tax, mansion tax, inheritance tax and tax avoidance.
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