Submitted on Thursday 11th August 2011
Published on Monday 22nd August 2011
Current status: Closed
Closed: Wednesday 22nd August 2012
Signatures: 7
Tagged with
Economy ~ Individuals ~ Money ~ Tax
Make all cash savings tax free and scrap cash ISA's
To stimulate the economy and put more money in people's pockets, whilst at the same time encourage a true savings culture. All cash savings for individuals should be completely tax free. Cash ISA's are an unnecessary beaureaucracy and scrapping them combined with tax free limitless cash savings will probably result in greater net revenue to the Exchequer due to larger revenues from VAT due to increased spending on items attracting VAT.
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