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Introduce a 2-tier business tax, 15% & 30%.

Submitted on Thursday 10th November 2011

Published on Monday 14th November 2011

Current status: Closed

Closed: Wednesday 14th November 2012

Signatures: 2

Tagged with

income tax ~ Tax ~ Unemployment

Petition Action

Introduce a 2-tier business tax, 15% & 30%.

Additional Information

The 30% tax would be paid by all banks and financial institutions that have exhibited excessive corporate greed or shown reluctance to lend to small businesses. They would then have to explain to shareholders why they are in this tax band and what they intend to do about it.
The 15% tax would be paid by all other businesses as a unwritten contract with the the Government that in exchange they create more jobs, particularly for the young.
This relatively simple tax change would create massive incentives for small business, curb excess greed, create more jobs thereby increasing income tax collected, reduce unemployment and reduce social welfare payments.


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