Tax Freedom Day response
TPA response to Tax Freedom Day, which in 2007 fell on 1 June. The report compares estimates of Tax Freedom Day in other countries.
TPA response to Tax Freedom Day, which in 2007 fell on 1 June. The report compares estimates of Tax Freedom Day in other countries.
This report analyses official data for the last 20 years and finds that the gap between the tax burden facing the poorest fifth and the richest fifth of households has widened under Gordon Brown. The poor pay higher taxes than the rich.
The TPA commissioned the respected Centre for Economics and Business Research to build a dynamic model of the UK, to show how tax reductions will benefit the economy. This report explains how the model was set up and simulates a reduction in the corporation tax rate to the Irish rate of 12.5 per cent over nine years. The results are quite dramatic!
In advance of the Budget in March 2007, the TPA detailed a large number of countries abroad that had cut taxes in the past two years, putting pressure on Gordon Brown to follow suit.
...Nobody, but if current trends continue, by 2015 the average houshold will be paying £1 million in direct and indirect taxes over a lifetime.
This report shows how, if Gordon Brown had not increased the tax burden, the basic rate of income tax could have been cut to just 10 per cent.
A fair income tax which taxed all income at the same percentage would dramatically improve incentives, while bureaucracy could be dispensed with almost entirely. This idea, already sweeping Eastern Europe, is the 'flat tax'.
Published by The TaxPayers' Alliance and The Stockholm Network
You can order a copy of the flat tax pamphlet by either:
Or, Download Flat Tax: Towards a British Model by Allister Heath
The TaxPayers' Alliance responds to the Tax Reform Commission report.
How much will the average person pay in tax during their lifetime? Find out in this TaxPayers' Alliance Research Note.
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