Reports & Briefings Flat Tax for the UK
| Flat Tax for the UK |
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| Written by Richard Teather (2005) |
| Tuesday, 20 November 2007 08:32 |
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This report, A Flat Tax for the UK – A Practical Reality, calls for income tax to be simplified into a flat rate tax of 22%. Under the proposal, there would be a tax-free personal allowance of £12,000. As the report says, the concept of a flat tax, a simple tax system that charges a single rate of tax on all income, is growing in popularity. It contrasts clearly with the current systems operated in most countries, with different tax rates depending on the level and type of income or on the personal circumstances of the individual taxpayer. |
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Words of wisdom
"There is no art which one government sooner learns of another than that of draining money from the pockets of the people."
The Wealth of Nations, Book V Chapter II Pt II
"What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
The Wealth of Nations, Book I Chapter VIII
About the ASI
The Adam Smith Institute is the UK’s leading libertarian think tank. It engineers policies to increase Britain’s economic competitiveness, inject choice into public services, and create a freer, more prosperous society. For more information, click here.
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