ARmy Rumour SErvice

**CasinoBoyale** · 21-05-2012, 16:42

Further quoting from the text, showing extent of all proposed tax reforms and proposed timings (adapted from table 1.2):

- Increase the transparency of Employers’ National Insurance (2013)
- Merge Income Tax and National Insurance and cut the rate to 30 per cent (2016)
- Replace Corporation Tax with a capital income tax (2016)
- Abolish Inheritance Tax (2013)
- Cut Fuel Duty by 1p a litre per year over 5 years (2014-2018 )
- Abolish Air Passenger Duty (2013)
- Abolish Capital Gains Tax (2013)
- Abolish stamp taxes on shares (2013)
- Abolish Stamp Duty Land Tax (2013)

**Boldnotold** · 21-05-2012, 16:47

Think of the money to be saved on Civil Servants at HMRC!

**wm1965** · 21-05-2012, 16:47

The ideology of what constitutes 'fairness' is what stops a single tax rate being widely adopted.

Make 30K pay 3K, make 3million pay 300K. The more you make the more you pay, the less you make the less you pay.

What's not fair?

**CasinoBoyale** · 21-05-2012, 16:55

Apparently the report has started a minor trend on twitter:

#TPAChatUpLines - Guy Fawkes' blog

**ugly** · 21-05-2012, 17:28

Well if they got rid of the EU our overall tax burden would drop. Fucking simples, me for Osbornes job.

**exbleep** · 21-05-2012, 17:46

Someone on 30k a year would save about £600. Someone on 100k would save about £10,000. Someone on 15k a year would save about 50 quid. A pensioner on 15k a year would lose £500 a year. But, of course, all the pensioners are rolling in it and can afford it, can't they? If a one size fits all tax rate were to be introduced, it is true to say that countries that have tried have upped the tax take as it is not worth the hassle fiddling it. However, those have tried it reduced it to a lot less than 30%. Singapore was one, I think, but that was only about 10%.

**vampangua** · 21-05-2012, 17:59

The hike on pensioners (old age, or medical) is unfair as that group cannot really do anything to change and up their income, and they've already lost a lot from low interest rates in recent years, and for the newly retired from the private sector lost heaps from more expensive and stingier annuity rates. I don't think it's right to hit them again.

And selfishly, no NI on AFPS either. So ready for that increase?

**FORMER_FYRDMAN** · 21-05-2012, 18:16

Uncapped NI is income tax by another name and a cyclops-inspired scam. Let's call tax by what it is and argue about the rate without the deception. Completely in favour of merging the two, not so sure about dropping the overall rate so dramatically though.

**Fox-and-horses** · 21-05-2012, 18:24

Originally Posted by FORMER_FYRDMAN

Uncapped NI is income tax by another name and a cyclops-inspired scam. Let's call tax by what it is and argue about the rate without the deception. Completely in favour of merging the two, not so sure about dropping the overall rate so dramatically though.

National Insurance is also paid by Employers so it is not entirely accurate to call it an "Income Tax"

And there are different rates depending on gender and other factors.