Stimulating Growth
July 30, 2011The problem with our piecemeal taxation regime is that it does not provide an effective rudder to steer the economy at times of stress. Had the government had the guts to reform it to a single rate of income tax, as a constituent part of three linked but flexible core elements of taxation, income,vat and personal allowances, it would now be able to do something positive, without risking a debt led boom.
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