1. Higher personal allowance of £11,000 per annum (£211per week)
2. Flat rate tax:
- a) Personal 18%
- b) Corporate 18%
3. Replace VAT with a Sales Tax of 8%
4. Abolish Capital Gains Tax
5. Abolish Inheritance Tax
6. Merge Council Tax and Business Rates (plus lower amount)
4 comments:
How would you fund these tax cuts?
By leaving the European Union the UK can save billions of Pounds per year.
Reforming Social Welfare and ending the outsourcing of public services such as roadworks etc will also help the Government (and councils) to save money.
These savings will be used to subsidise tax cuts as well as increased defence spending.
To give you credit you didn't use the standard 'through minimising waste in the public sector line'.
However, you must know that the changes you propose would be immensely expensive, and the money we would save from the EU and domestic reforms would not cover the cost at all.
I guess my question should therefore have been this:
Which public services will you cut?
Certain public services such as Regional Assemblies will be closed down and 'their' funds will be reallocated/refunded to local Government.
By employing maintenance personnel instead of outsourcing work we can probably save millions of Pounds each year.
Also instead of just handing out dole money we can employ people in State-owned factories to produce goods for domestic sale and also for export. These goods will help to improve the National economy whilst at the same time giving people previously unemployed an income and dignity.
From personal experience I know how horrible it is to have to go to the DSS for money.
Post a Comment