Effects of the Coalition Government?s Budget

On the 6th of April 2011 the new tax year started and will run through to 5th of April 2012. For the purpose of corporation tax and government financial statements, the year will start on April the 1st 2011 and run through to March 31st 2012. In this article we look at how businesses will be affected by the fiscal year ahead, as the coalition government’s plans from the July 2010 budget come in to place, and the March 2011 budget is announced.

Some of the main legislative changes most likely to have an impact on your business or working life in the new tax year include:

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American Conservative Political Philosophy

The Classical Conservative Definition:
A classical conservative values tradition and freedom over governmental power. Conservatives, under this definition, advocate a free market economy without governmental intervention. Conservatives tend to view government as a necessary evil, whose primary responsibility is to protect people from violation of their rights and freedom by others. Conservatives distinguish this from government taking action to guarantee people’s rights and freedom (a subtle, but important distinction). Conservatives think of morality as something that binds people into groups through loyalty and authority (in certain cases, substituting religion for authority). Conservatives tend to be tribalists.

There is likely not as much difference between the two philosophies as you may have thought. The distinctions are subtle, but they do lead to a different philosophy of both the purpose, and responsibilities of government.

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