Property News · March 5, 2018

Abolish income tax bands to give earners £1,100 – IPPR


Merging NI, scrapping thresholds and introducing individual rates will make taxation fairer, says thinktankIncome tax bands could be scrapped to give average earners as much as £1,100 each without costing the government a penny, according to a report calling for radical changes to make theUK tax system fairer.According to the Institute for Public Policy Research thinktank, just as much money could be raised by the government if it merged income tax with national insurance, scrapped existing tax bands and introduced individual rates that would be tailored around pay and would rise with higher earnings. Continue reading…

Source : theguardian.com
Read more…Abolish income tax bands to give earners £1,100 – IPPR

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