Replace multiple forms of taxation with a simple universal income tax

Summary

We want the Government to reform the taxation system, replacing forms of taxation such as Capital Gains Tax, VAT, Stamp Duty, Inheritance Tax, Business Rates, National Insurance & Council Tax, with a simple universal tax on income with the primary aim being to make tax simpler & fairer. We believe growing inequality, stagnating growth, and a rising cost of living are fuelling deep societal problems across the UK. No political party has provided us with a clear, cohesive vision to fix our fundamental economic problems, nor have they fully addressed the growing sense of unfairness in the system. Small changes and additions to the system usually increase complexity and inevitably result in unintended consequences and loopholes. Instead the system needs radical change.

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