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Replace 0 tax rate with 1% tax rate and reduce VAT

There are thousands of people in work currently not paying any tax, if a 1% tax rate was introduced for these people huge ammounts of additional tax revenue could be generated, with very little impact on the new tax payer (someone earning £700 a month would be taxed only £7 about the cost of a packet of cigarettes) with the extra revenue the government could reduce VAT thereby cutting high street prices (including fuel) and injecting growth into Britains economy.

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Currently ranked 44,967 out of 96,623 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Stephen Danbury

Created On

Wednesday 14 December 2011

Closing Date

Saturday 15 December 2012

Tagged With