Talk:Advance corporation tax

POV Stuff?

I've removed the following from the article because it seems so partisan, but I cant bring myself to destroy stuff and there are no doubt some truths in there that need to be put in neutral language, referenced and returned to the article:

The scrapping of the relief was estimated to increase tax take by £3 billion per year. However, in recent years, the scrapping of the ACT relief scheme has been dubbed a "pension stealth tax", which, according to the Institute of Actuaries, has reduced the current value of pension funds by at least £100 billion. The change was dubbed "the great pensions swindle" by Frank Field in The Times, describing how "When Labour gained power in 1997, Britain’s occupational pensions were the envy of the world. We had more capital invested to pay tomorrow’s pensions than almost the whole of the European Union combined."

As of 2007, final salary pension schemes, which were once common in British companies, are very unusual, and Britain lags behind Europe in pension provision.

While the precise cause of the pensions shortfall has been variously blamed on poor gilt yield, on Thatcher-era taxes on pension fund surpluses, on the stock market crash of 2001, the ending of the advance corporation tax scheme, and in particular the relief available, is seen as a major blot on Gordon Brown's record.

The first para is hardly POV as it quotes from two well respected sources - a recognised industry body and a long serving MP. —Preceding unsigned comment added by 93.96.136.29 (talk) 22:23, 17 June 2009 (UTC)

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