Submitted on Friday 8th March 2024
Rejected on Friday 12th April 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
End Bonus Tax: Reward Work, Don't Punish It!
Rising living costs squeeze hardworking families. Taxing employee bonuses, a reward for exceeding expectations, only makes it worse. Exempting bonuses from income tax would provide financial relief and incentivise top performance, ultimately benefiting businesses and the economy.
Taxing bonuses discourages employees from striving for excellence. If a significant portion of a bonus is lost to taxes, the incentive to go above and beyond diminishes. This can ultimately harm businesses seeking to retain top talent and maximize productivity.
Bonuses often represent a substantial portion of a middle-class worker's annual income. Taxing these bonuses places an undue burden on families already grappling with rising costs.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/659042
3.12.34.150 Sat, 23 Nov 2024 08:05:03 +0000
