Closed petition ZERO TAXATION STIMULUS FOR BUSINESS, JOBS AND GROWTH

Closed on 4 March 2014

Zero income tax, NI, employer NI, corp tax and CGT

Revenue by increasing VAT.

Production massively cheaper increasing sales and jobs.
Zero tax and NI means people keep all they earn with the liberty of choosing how they spend it.
Tax realigned to target consumption rather than production.
Products consumed having greater impact on the State have higher VAT to meet the costs of that consumption.
Tax based on an average individual with average consumption paying the same as now.

Wage £25k
PAYE+NI £5.5k
VAT £2k
Tax currently £7.5k

Increase VAT to 50% and avg tax for avg consumption is £7.5k - the same.

UK production massively cheaper leading to more jobs, more earning more, increasing demand.
Incentivising creativity and hard work, rewarding products with least impact on the State whilst penalising those with the most.
Freedom to spend what you earned, rewarding those that work hard and conserve whilst being a radical stimulus to our production capability.