A single 30% rate of income tax is needed in order to boost growth in the UK, a report by lobbying groups says.
The 2020 Tax Commission's report also calls for the abolition of national insurance, and for the basic personal allowance to be raised to £10,000.
http://www.bbc.co.uk/news/business-18137548
This 'commission' made up of the Taxpayers' Alliance and Institute of Directors also wants to see further spending cuts.
It claims that in reducing the tax rate to 30% it will save a ...
↧