NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING
DONATE TODAY
HOT TOPICS ▶ Climate Change     Undoing The New Deal     The Real Baltimore     Reality Asserts Itself     United Kingdom    


  May 12, 2017

UK: Progressive or Regressive on Tax?


Most people think the UK has a progressive tax system, but huge cuts to the corporation tax since 2010 alongside rises in VAT mean the system is becoming more regressive
Members don't see ads. If you are a member, and you're seeing this appeal, click here
   



audio

Share to Facebook Share to Twitter



I support The Real News Network because it lets viewers voice their uncensored opinions. - David Pear
Log in and tell us why you support TRNN


transcript

Speaker : Before the election in 2015, David Cameron promised not to raise VAT because it's a regressive tax the hits the poorest the hardest. However, the Conservatives have been the only party to ever raise VAT, doubling it since they introduced it in 1973. While Labor are the only party to leave office having lowered it. Meanwhile, the Conservative government has cut taxes for the richest, like corporation tax, from 28% in 2010 to 20% in 2015. It's projected to drop to 17% by 2020. This is regressive taxation. A progressive tax system would see the richer pay a higher percentage of their income as tax. It's a system most people want. It creates more equality and improves standards of living for more of us. However, research has shown we think the poor pay less and the rich pay more than they really do.



Comments

Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at contact@therealnews.com

latest stories

Former CIA Director Admits to US Foreign Meddling, Laughs About It
Let's Talk About US Meddling, Too (2/2)
City Council Moves Forward With Ban on Crude Oil Facilities
God and Guns: The Fanatical Faith of the NRA
What Netanyahu's Growing Corruption Scandal Means for the Region
Employers Steal $15B From Low Wage Workers Each Year
For 2018, Top Democrats Follow the Big Money
The Nation's Strongest Charter School Regulations Are Under Attack
What's Behind the Taliban's Call for Talks?
Will Trump's Latest Attack on Obamacare Strike a Death Blow?
Russian Espionage, or Clickbait? (1/2)
Baltimore's Metro Shutdown Underscores City's Transportation Problem (2/2)
Improving Baltimore's Schools Will Take More Than Just Money
Safe Streets in America's 'Most Dangerous City'
How Billy Graham Evangelized for American Empire
State's Attorney's Office fires prosecutor amid Gun Trace Task Force controversy, lawyers call shenanigans
Saudi Arabia's Unholy Alliance with Israel
Can Trump's Neocons Exploit Russiagate? (2/2)
Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Is Russia a Threat?
Why is a Russian Troll Farm Being Compared to 9/11?
Wilkerson: The Trump-Netanyahu Iran Plan Means War
President Ramaphosa: From Militant Revolutionary to Corporate Magnate
Were Baltimore's Corrupt Cops High When They Made Attempted Murder Arrest?
Baltimore's Metro Shutdown Underscores City's Transportation Problem (1/2)
Empire Files: In the Deadliest Country for Unions & Social Leaders
A New 'Cancer Alley' for Appalachia
Colombian Peace Agreement with FARC on the Brink of Collapse
Philippine War on Drugs a Cover for President Duterte's Fascism?
Mother of Woman Shot by Baltimore County Police Speaks Out

TheRealNewsNetwork.com, RealNewsNetwork.com, The Real News Network, Real News Network, The Real News, Real News, Real News For Real People, IWT are trademarks and service marks of Independent World Television inc. "The Real News" is the flagship show of IWT and The Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Web Design, Web Development and Managed Hosting