Submitted on Wednesday 15th March 2017
Rejected on Monday 3rd April 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Abolish Stamp Duty Land Tax in England and Wales
After undergoing a lot of research into the origins, purpose, effectiveness, economic merits and downfalls of SDLT, the overall conclusion is that this is an outdated tax system that does not serve the Labour and Housing Markets any merit and needs to be abolished for a variety of reasons below.
(a)SDLT creates distortions in the Labour Market as it creates a disincentive for household mobility and job relocation, and as a result people may be in a job that is not best suited to their skill set. (b) SDLT effectively is a 'barrier to entry' into the housing market, which creates inequality in home ownership between the 'haves' and 'have-nots'. (c) SDLT does not have any theoretical basis and it is an outdated pragmatic tax that is not in line with the modern real world economy.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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We think that this petitions is similar: petition.parliament.uk/petitions/185751
3.145.155.149 Thu, 21 Nov 2024 16:31:48 +0000
