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Moving on with more of the headlines with U.K.I.P.
The Economy Taxation
(1)Raise the Income Tax threshold to the annual rate of the minimum wage (£11,500)- no taxes on minimum wage earners.
(2)Combining income tax bands and employees NIC into single flat tax rate of 31%.
(3) Replace VAT with a local Sales Tax (LST.)
(4)Scrap Inheritance Tax when feasible.
(5) Saves on bureaucracy, complexity-current tax code 100,000 pages.
(6) Defeats the object of avoiding tax.
(7) Incentivises job creation and investment.
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