Chancellor urged to scrap taxes

 Chancellor urged to scrap taxes

The Institute of Economic Affairs has called on the chancellor to scrap a swathe of taxes in the Autumn Statement. National Insurance, death duties and CGT were among 20 levies on households and businesses which have been mooted as ripe for abolishment in the report. Income tax should also be cut to a flat rate of just 15% for most earners, said the think-tank. Mark Littlewood, director general of the Institute, said “spending is far too high and the tax system is far too complicated.” 

Source: Daily Express (02/11/2016)