B1. Benefits of Abolishing Income Tax
Employees get Instant Take Home Pay Rises at no extra cost to Employers.
Top Rate Employees with 50% more take home pay have 50% more to spend.
The Self-Employed get up to 50% more take home to spend.
State & Employers benefit from Huge Costs Saved on cuts in Tax Staff & Payroll.
State can cut 90,00 HM Revenue Staff and save £2Bn in their salaries.
The State now a Tax Haven will attract World Entrepreneurs, Investment & Capital.
B2. Benefits of Abolishing Corporation Tax
Up to 50% more take home profits without increasing sales or reducing costs.
State & Firms benefit from Huge Costs Saved in Company Tax Accounts.
A Prolific Tax Haven will attract World Corporations, Investment & Capital.
B3. Benefits of Abolishing VAT – Value Added Tax
Instant reduction up to 17.5% in costs of goods in shops without reducing costs.
Lower prices will attract shoppers from neighbouring countries to buy British.
State & Firmss benefit from Prohibitive Costs Savings of VAT Accounts.
B4. Benefits of Abolishing Capital Gains Tax
Allows Bank Depositors to keep all the interest they earn.
More spending gives prolific growth in Gross National Collateral.
B5. Benefit of Abolishing all NI Contributions
Employees get Instant Take Home Pay Rise at no extra cost to Employers.
Employers get cheaper Employees without cutting their salaries.
State & Firmss benefit from Huge Costs Savings of NI Accounts.
B6. Benefit of Abolishing all other Arbitrary Taxes
Puts more money back into the hands of ordinary people.
Prosperity ensues from Prolific Growth of GNC – Gross National Collateral.
Increase in GNC provides Prolific Growth in Revenue for all State Expenses.
Prolific Growth in Revenue allows repayment of MITS with higher interest.