Vince Cable, Liberal Democrat Chancellor, speech to the Liberal Democrat Party Conference 2009

The video discusses income tax for low and middle-income earners and how it will be funded by closing tax loopholes and privileges for the wealthy. It highlights the disparity between income and capital gains tax, generous tax reliefs, and the misuse of tax havens. The video also exposes a bank's involvement in large-scale tax avoidance, emphasizing the need for immediate action.

What is the primary focus of the proposed tax reform discussed in the video?

• Introducing a new tax for businesses

• Eliminating all tax reliefs

• Reducing income tax for low and middle-income earners

• Increasing taxes for high-income earners

How is the proposed tax reduction expected to be funded?

• By reducing government spending

• By increasing sales tax

• By borrowing more money

• By closing tax loopholes and privileges for the wealthy

Which tax-related privilege is mentioned as being exceptionally generous?

• Tax relief on healthcare expenses

• Tax relief on educational expenses

• Tax relief on large pension pots

• Tax relief on small savings

What issue is highlighted in the program mentioned in the video?

• A new tax policy proposal

• The complicity of a bank in large-scale tax avoidance

• The benefits of tax havens

• The impact of tax reforms on small businesses

What is the urgency expressed in the video regarding tax avoidance?

• It should be stopped immediately

• It should be ignored

• It should be addressed in the next fiscal year

• It should be reviewed by a committee