Ideas for Government
Tax should not be taxing So goes the advert for Tax Calulations in the UK. Tax should not be taxing and I agree, but under the current system which depends on bands of tax and a link to status. It also seems the more you earn the more you get penalised by the Government for your success. So the answer for a simple and transparent tax system that all can understand is to make it a flat rate of 10% for everyone. Just 10% for all. How would this benefit everyone? everyone can work out the tax owed - 10% of what you earned the rate is applied to everyone the calculation is simple so no need for complex ever changing tax calculations this would save millions and stop a lot of mistakes happening because the tax rate is so low everyone will just pay it, it would be more expensive to try and avoid it government's would have to learn to operate on a lower income (see expenses scheme below) foreign companies will want to invest in the UK with such a low tax rate Earn your benefits You are no...