• The post you are reporting:
   
  But
  
  there is little or no evidence that raising the notional rate of tax actually increases government receipts, this is the point that Barry and Peter keep making
  
  there is however a fair amount of evidence that if you set the maximum upper rate of tax around the current 40% level tax receipts (i.e. the actual money they collect) are maximised
  
  Of course you and others of the envy brigade dont want to hear or acknowledge this
  
  My personal preference is to see redistribution of wealth (on a modest scale) through simplification of the tax code, the introduction of a flat rate tax (say 20%) and a significant hike in the personal allowance (to say £15k) this has the added benefit of not creating a disincentive to go into work and move off benefits. I would also introduce corporation tax rules to minimise the offshoring of corporate income through clever book keeping to avoid taxation and make sure that corporation tax was paid on profits attributable to sales in the UK

Report Post

Your Name

Reason