Lib Dems plot land tax
The Liberal Democrats are developing a land value tax that would horrify their Tory counterparts in the Coalition, The Sunday Times reports. The newspaper quotes Business Secretary Vince Cable as saying the Government needs a "proper examination about how a land tax could be made to work".
Meanwhile Chancellor George Osborne has continued his crackdown on tax evasion. Writing for The Observer, the Chancellor promised tax dodgers the Government "will find you and your money", and insisted the deal to tax wealth hidden in Swiss banks was just the beginning.