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CUT VAT ON ALL GOODS AND SERVICES

This government should immediately set in motion plans to cut Value Added Tax by 1% every year until it reaches 10% for ALL GOODS AND SERVICES.

This reduction in such a regressive taxation would allow more revenues to be collected in the longer term whilst still ensuring that deficit reduction remains a commitment.

The long term strategy should be to simplify the tax system so that only income is taxed. This will facilitate growth amongst UK registered businesses, therefore protecting UK jobs, and keep prices competitive for all consumers in this country.

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Currently ranked 46,043 out of 99,525 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Daniel Richards

Created On

Tuesday 29 November 2011

Closing Date

Saturday 1 December 2012

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