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Abolish tax on savings income

Submitted on Friday 5th August 2011

Published on Monday 15th August 2011

Current status: Closed

Closed: Wednesday 15th February 2012

Signatures: 14

Tagged with

Economy ~ income tax ~ Money ~ Tax

Petition Action

Abolish tax on savings income

Additional Information

Abolish income tax on savings income on savings/investments below a certain threshold, say £250,000. This will encourage savings and increase the amount of money that banks have available for loans/mortgages that will be returned to stimulate the economy.


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