Note these are not my words… Courtesy of the TPA:
First stage in campaign to make the case for the dynamics effects of tax cuts
The TaxPayers’ Alliance and Stockholm Network have published a new pamphlet on the proposals for a British flat tax by Allister Heath - Associate Editor of The Spectator magazine and Deputy Editor of The Business newspaper. You can download the full pamphlet here (pdf 4Mb).
The pamphlet - ‘A Flat Tax: Towards a British Model’ - shows that a flat tax would be a simpler and fairer way of taxing people in Britain and that it would boost the economy. According to Heath, “The results of the simulation for my 28% flat tax plan with merged NICs and income tax, zero double taxation of profits and a £9,000 personal allowance show that the poor would benefit hugely from a flat tax; the rich would at first gain almost nothing on average because of the elimination of their favourite loopholes but the massively lower marginal tax rates they would face would still lead to an explosion of work, risk-taking and entrepreneurship, giving the economy a huge fillip.”
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