Submitted on Sunday 10th March 2013
Published on Monday 11th March 2013
Current status: Closed
Closed: Tuesday 11th March 2014
Signatures: 3
Tagged with
income tax ~ Money ~ Tax ~ UK
Replace Income Tax With Financial transaction levy
Here is a credible idea:
We could abolish income tax and introduce a levy of £1 on every single financial transaction that takes place within the UK. This levy would apply on ALL transactions, from shopping to direct debits, would be very easily enforceable, income tax evasion would be zero, no waiting for self assessments, people would have much more money in their pockets to spend, thereby spending more. Revenue could reach the treasury much faster also.
The potential for the revenue from the levy could be so great that even VAT and fuel duty could be abolished also (maybe a slight exaggeration) This is a win win for everyone.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
18.116.23.169 Thu, 14 Nov 2024 18:02:29 +0000