Priti Patel MP writes on cutting taxes

Treasury minister Priti Patel writes ...



 
See how much our income tax cuts will save you - try our quick calculator today.

The Conservatives believe in cutting taxes.

If you're working hard to provide for your family, you should keep more of the money you earn.

That's why we've cut income tax every year we've been in office - and why we're committed to keep on cutting income tax after the next election.

Over 24 million people have had their income tax cut. To find out how much you'll save, use our simple tax cut calculator today:

Find out how much you'll save

Yours,
Priti Patel

Comments

Jim said…
Why not just scrap National insurance, council tax, VAT, Inheritance tax and stamp duty.

Replace them all with a simple Land Value Tax. and change income tax to a flat rate 20%.

Replace all benefits/tax thresholds with a citizens income of £75 per week non means tested.

Raises actually just slightly more than the previously mentioned taxes, is fairer, and its easier and cheaper to manage. It does not tax productive work or employment, naturally encourages people to work, is hard to evade, and ends the constant "squabble" between lower paid workers and those on benefits.

It primarily taxes the unearned increase in land value instead. Which of course is usually caused by the activity of other business or the state in the local area.

Why the 20% income tax on top Jim? - Well i would rather not, but unfortunately the countries books are in a bit of a mess, so i have to bring in more to balance the equation. I'm being Austere.
9:54 am
Chris Whiteside said…
I don't want to make any snap judgements on any possible reforms to public finance, but I have my doubts about Land Value Tax for one simple reason.

I was first elected a councillor during the last couple of years of the old domestic rating system - when local government was mainly funded by domestic and non-domestic rates in a way which had a great deal in common with what is now called Land Value Tax.

And at the time I thought it was a very bureaucratic, overly complex, and sometimes very unfair system. Land Value Tax sounds far too much like rates for me to be keen on it.

Having said that, the devil is in the detail and it may be that you could construct an LVT system which was simpler and fairer than rates used to be. I'd want to see the detailed proposals before making up my mind about them.
1:09 pm
benj said…
Have a good look at this.

Simplicity itself.

http://kaalvtn.blogspot.co.uk/p/valuations-and-potential-lvt-receipts.html

12:21 am
Jim said…
That is a very, very good site Chris, its the one that got me to thinking the same way, also its well worth a look at a blog By
its Mark Wadsworth once in a while. A tax inspector, who knows the figures inside out and back to front.
6:02 pm
Chris Whiteside said…
Thanks Ben Jamin' and Jim, will have a look at those sites
11:40 am
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