simplified income and corporation tax

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simplified income and corporation tax

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Make taxes lower and simpler to reduce costs of collection, reduce avoidance, increase the incentive to earn and raise more revenues for the government. Personal allwance of £10k, no other deductions allowable and 10% flat tax on all income over £10k. Vat at 10% and all businesses with turnover greater than £30k to register. Corp'n tax to be 3% of UK turnover (not profits). These measure will provide clarity, remove swathes of avoidance and raise more revenues overall and help make work pay. Keep it simple.

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