Political parties
Tensions between Ottawa and provinces have reached a boiling point after the federal government's sudden decision to cut tobacco taxes without consulting Ontario. Ontario Premier Bob Rae accused the federal government of making a deal with Quebec on the tax cut, sparking a heated exchange between Rae and
Political parties
The Conservative government's tax changes have significantly benefited the rich, while disproportionately affecting the poor. An independent report by the Institute for Fiscal Studies shows that the richest families in Britain will be £125 per month better off in 1995 than they were in 1985. This gain comes
Prime ministers
Prime Minister Morihiro Hosokawa's coalition government has been dealt a significant blow with the abandonment of a proposed $55 billion cut in income taxes and a larger increase in sales taxes. The decision, attributed to the failure of compromise talks among coalition parties, has left the government in
Prime ministers
Japan's government faced a significant crisis when several cabinet ministers and the socialist party forced a postponement of a massive economic package aimed at stimulating economic reflation. The package, worth £91.5 billion, was backed by Prime Minister Morihiro Hosokawa, who had announced the plans earlier in the
Political parties
The Labour Party, under John Smith's leadership, has initiated a review of its tax policy to ensure fairness and efficiency in taxation. The Economic Policy Commission, co-chaired by Gordon Brown, will undertake a thorough examination of Labour's tax policy to address the growing concern about the
Political parties
The Conservative government's tax policies have resulted in a significant increase in personal taxation, with the typical family's direct tax burden rising from 16.1% in 1978-79 to 19.5% next year. A Guardian analysis of the tax system reveals that even after adjusting for inflation,
