Taxes

Rather than solely considering savings to balance the books, which over the past few years have being translated into social welfare cuts that have impinged on the financial well-being of low income families including pensioners.  We should take account whether we can afford to continue with our present low tax regime, particularly Zero/10 Company Tax.

A growing economy based on non-tax paying company income growth while tax paying personal income growth is hardly growing at all is at least part of the reason Treasury are finding it difficult to balance public finances.

This trend of company income growing so much faster than personal income has been going on for at least the past 10 years and steps should be taken to investigate why this is so.

Under our tax system headline GDP growth is not the success story the figures seem to impart.

 

Idea received by letter - Site Moderator

Why the contribution is important

 

As above.

 

by MelindaIOMGov on May 15, 2017 at 12:44PM

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