As the UK's political parties prepare for the 8 June snap general election, the UK Conservative and Unionist Party has released its election manifesto, which includes keeping taxes as low as possible. With respect to corporation tax, this includes maintaining the current 19% rate until 2020, when it will be reduced to 17%. With respect to individual taxation, the manifesto includes increasing the personal allowance to GBP 12,500 and increasing the higher rate threshold to GBP 50,000 by 2020. It also vaguely states that the level of value added tax will not be increased. In contrast, both the UK Labour...