Partnerships in firing line as Lib Dems look to close tax 'loophole'

Carmen Reichman
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The Liberal Democrats have vowed to close tax loopholes in limited partnership firms and for private equity investors, as part of the party's action to "tackle the remaining deficit fairly".

Speaking at the Lib Dem conference in Glasgow yesterday, chief secretary to the Treasury Danny Alexander (pictured) pledged to continue to target the "wealthy" in its efforts to raise taxes.  He confirmed his party's plans to introduce a mansion tax, restrict pensions tax relief and increase capital gains tax, to "make sure that those who have the most will continue to contribute the most". However, he did not confirm the party is considering raising taxes on those earning more than £50,000, as was suggested by an internal briefing note accidentally sent to journalists. Alexander p...

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