Connected Research

Union policy research in the 21st century

Got it right, there

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A belated welcome to Tom’s post over at his labour and capital blog on Tuesday concerning one of the factors accounting for the decline in private sector provision – the 1997 re-structuring of corporation tax which removed the right of pension schemes to claim ACT on dividends.

The role played by ‘Gordon Brown’s tax raid on pension schemes’ is a frequently re-occurring shibboleth the pronouncement of which seems to get more trenchant as time goes by. Nailing it is a critical step not only in putting the history right as to how and why schemes have come under such attack as they have in the past decade, but also in coming up with solutions which help to restore occupational provision (something that is becoming increasingly clear is as long-term a game as pensions are long-term investments).

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Written by Calvin

10/12/2009 at 3:49 pm

Posted in Pensions, Politics

Tagged with ,

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