Submitted on Wednesday 14th December 2011
Published on Thursday 15th December 2011
Current status: Closed
Closed: Saturday 15th December 2012
Replace 0 tax rate with 1% tax rate and reduce VAT
There are thousands of people in work currently not paying any tax, if a 1% tax rate was introduced for these people huge ammounts of additional tax revenue could be generated, with very little impact on the new tax payer (someone earning £700 a month would be taxed only £7 about the cost of a packet of cigarettes) with the extra revenue the government could reduce VAT thereby cutting high street prices (including fuel) and injecting growth into Britains economy.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
220.127.116.11 Thu, 18 Aug 2022 21:41:41 +0100