A new report from the Centre for Policy Studies and six other leading think tanks sets out proposals to reform Britain’s tax system.
‘Tax Reforms for Growth’, co-authored by experts from the Centre for Policy Studies, CenTax, IPPR, the Adam Smith Institute, the New Economics Foundation, Bright Blue, and the Joseph Rowntree Foundation, outlines seven revenue-neutral reforms designed to make the tax system fairer, more effective and more pro-growth.
Despite spanning from left to right, the coalition shares the view that the UK’s outdated tax rules are holding back investment and productivity. The report’s proposals include merging Income Tax and National Insurance, replacing stamp duty and council tax with a modern property tax, and addressing high marginal tax rates that discourage work at all income levels.
