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Make all cash savings tax free and scrap cash ISA's

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

Petition Action

Make all cash savings tax free and scrap cash ISA's

Additional Information

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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