Property News · November 2, 2016

Abolish 20 taxes and set 15% flat rate of income tax in UK, says report


Institute for Economic Affairs says changes would make those at top 13% better off, but incomes of those at bottom would rise 26%National insurance, business rates, stamp duty, the TV licence fee and excise duties on alcohol and tobacco should be among 20 taxes abolished by the government, a free market thinktank has said.A report published by the Institute for Economic Affairs has proposed a 15% flat rate of income tax and a VAT shakeup as part of a plan that would significantly reduce the size of the state. Continue reading…

Source : theguardian.com
Read more…Abolish 20 taxes and set 15% flat rate of income tax in UK, says report

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