Richard Murphy @ (the splendid) Tax Research Blog summarises-
I have read some of the Arculus Report issued by the Tories, particularly with regard to tax.
It is a repeat of their oft repeated mantra: don;t tax mobile capital or it will go away. Let’s re-write that another way: don’t tax the investment income of the rich, put all tax burdens on working people. Much of it comes straight out of the flat-taxers manual.
Try not to be too shocked. (Link to appaling Tory website to se their launch of this wankfest. Ps. Guess who ‘Sir ‘David Arculus used to advise? Tony Blair, consensus democracy is great ain’t it?)