Benefits Cap for large companies & wealthy individuals’ tax avoidance companies

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Benefits Cap for large companies & wealthy individuals’ tax avoidance companies

Petition Details

The inequalities of the current tax system will lead to soaring mortality rates in the UK. A tax system that allows large companies and wealthy individuals to avoid virtually all taxes on their income is a broken tax system. Help mitigate the damage now by supporting this petition.

Additional Information

Maximum tax deduction for the interest payments capped at the lower of £1m or 1% of the revenue and at 5% of revenue for other group management fees and intellectual property charges.

Introduce a withholding tax payable on all capital transactions above £50,000 with tax relief of one tenth given for each year the investment was held.

The withholding tax rate should be equal to the higher of the top rate of income tax or a minimum floor tax rate of 15%.

Read more at www.the-empty-chair.com/UWT

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