Welsh Conservative leader Andrew RT Davies will say the transfer of some powers over tax to the Welsh Government is an 'historic' opportunity to 'put more money back into people's pockets.'
He'll expected to tell delegates to the Welsh Conservative conference in Llangollen that devolution of tax responsibility for taxes is not about power for power's sake:
Under the Welsh Conservatives, there is only way taxes will go – and that’s down! The devolution of taxes means that for the first time – the opportunity is there for us to not only put forward the big thinking we’re already doing, but to cut taxes too and to give people in Wales and those who want to come to Wales the chance to keep more money in their pockets. We’ve already said what we would do with some of those powers. We’d scrap stamp duty on house up to £250,000. We’d freeze council tax. We’d abolish business rates for small business up and down Wales.
Do you know what this would mean for people? It would mean every household in Wales would pay less council tax.13,000 house buyers a year wouldn’t pay stamp duty at all. And over 75,000 businesses would benefit from our business rates policy. This is what low tax:big ideas means. Putting more money back into people’s pockets.
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