Mifthaur Rahman 0

Reduce income & coporate tax

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My arguement for this petition is why should it be progressive tax within the UK? This is damaging to the UK economy, as businesses that create profits, This could have boosted the UK economy, by hiring more job prospect with relevent qualifications, but the income taxes applied in the UK, would further damage business, as the progressive tax will force them out of the country, to tax friendly country such as switzerland. Take these for example jame dyson, whom himself established manufacturing factory, that put UK, as one of the top firm in manfacturing; now the factory itself has to move abroad, due to the sole reason of high income & coporate tax. Does this not make you wonder, why the UK aren't acting upon this, they the UK countinue to lose prospective business to coutries with favourable tax, and that would boost those countries economy, and more people will come jobless in this once great nation. Now by looking at switzerland economy, ask yourself, have they ever had major recession? and answer would be no, because their economy provide favourable tax, and thanks to businesses moving there, plus people such as lewis hamliton moved their, because no one in switzerland would want individual paying 50% of their income in tax, that is applied in the UK. Yes you heard me right 50% of people whom earned their wealth, through sheer hard work & determination that they worked for, goes into tax and not forgeting coporate taxes, meaning routhly 40% can go on tax, and decuting amount of people the ownershave to pay. You would be left with 8% rougthly of what you earned, now tell me is that fair? Exactly, So my proposed petition is to reduce income tax for all to 10%, and coporate tax to 20% at most in flat tax rate, instead of progressive tax rate that we have now, but to provide government fund that they used to get (hopefully) from income & coporate tax, they should increase VAT tax, as this would first of all make it fairer, because when people have higher porportion of their income, they will spend, and by spending on what they need and want to spend on, instead of giving it away forcefully to taxes applied, it will create the fund that was required by the government, this is truely a solution for UK not losing business, not going into economic downside, and whom earned their money deserve to keep their money. Trust me I'm not being biased to people with high wealth, and I'm certainly not one of them, I'm poor and literally surviving on pennies, but losing business would mean losing jobs, and the future will be looking bleck for an long time, if this isn't being done. Show support for this petition to go ahead, and only by building momentum, through your support, we can actually turn the UK economy around. It action to fufthfill the dreams of other, by giving them hope of warmth, electricity, food & shelter, by bringing new job. Just give it a go, only you can make this happen, but will YOU? Imagine another child starving to death, because their parent can't provide for them, you won't let this happen will you?

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