Submitted on Monday 22nd August 2011
Published on Thursday 1st September 2011
Current status: Closed
Closed: Saturday 1st September 2012
simplified income and corporation tax
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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220.127.116.11 Sat, 31 Oct 2020 00:49:59 +0000