2020 Tax Commission Report

The 2020 Tax Commission has published it’s report. The Tax Payer’s Alliance, who contributed to the report said:

The Commission is calling for radical but realistic reform of our tax system which we believe is vital to kick start growth in the face of economic stagnation. The plans are ambitious but could be implemented by year 2020. At the moment this is the most comprehensive plan for growth put forward for the UK.

The report recommends a single 30% rate of tax to boost growth, the elimination of double taxation and consolidation of eight taxes into one.

  4 comments for “2020 Tax Commission Report

  1. Right-Wing Hippy
    May 21, 2012 at 9:13 am

    To my mind the most important things they are proposing are tax-raising powers at the local level and a reduction in transfers from central government. That is what I call decentralisation. In contrast the Tories have recently capped local tax and transferred even more from the centre to compensate.

  2. Paul Marks
    May 21, 2012 at 11:35 am

    Getting rid of the “national insurance” tax and the graduated income tax, and replacing these two taxes with a single 30% income tax with an exception for the first ten thousand Pounds of income…

    Well that would be a good thing. Although there are some questions that spring to mind – for example would people on modest earnings really pay no income tax, or would they be forced to pay income tax and then have to “claim back” the tax (clue – people who really are part of the “working poor” do not get on with form filling and begging for money from the state).

    But all this stuff on tax simlification (i.e. moving in the direction that Australia and New Zealand have already gone in) MISSES THE POINT.

    The point is simple.

    The real problem of the United Kingdom is not the complexity of the tax system (complex though it is), the real problem is VAST GOVERNMENT SPENDING.

    I know that the Tax Payer’s Alliance has pushed a report that claims to show how 50 billion Pounds could be saved.

    But such reports should be pushed a lot more.

    • May 21, 2012 at 11:52 am

      The video begins (or nearly begins) with a demand to limit spending to 33%.

    • Lucian
      May 21, 2012 at 6:54 pm

      Great point. The problem is the spending. Even 33 percent is outrageously high. Seriously – one third? Even 10 percent would be too high. Government does too much, government monopoly services are costly and poor quality, and libertarians should make these points constantly.

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