Abolish Stamp Duty, says the Times

November 07, 2015 9:35 AM

A leader in this morning's Times calls for Stamp Duty to be abolished, after reports that the reforms to the tax are not having the desired impact. The TPA has long said that Stamp Duty should be abolished, first in the final report of the 2020 Tax Commission, The Single Income Tax, and then as part of our Stamp Out Stamp Duty campaign.

The Times leader (£) makes the case very strongly:

Stamp duty at any level creates economic distortions. It is in effect a tax on labour mobility. It encourages people to stay put when changing jobs and to commute further. It deters movement across the country for people to take up jobs for which they have skills. It thereby worsens Britain’s problem of low productivity. 

Latest Blogs:

We're hiring a Campaign Manager - Digital

11:37 AM 16, Jan 2017 The TaxPayers...

Increases in precepts are not the answer

3:30 PM 13, Jan 2017 James Price

We must all stand up for a free press

10:39 AM 06, Jan 2017 Dia Chakravarty

Want to be our new Policy Analyst?

12:52 PM 05, Jan 2017 The TaxPayers...