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:

Who will defend the defenders?

12:03 PM 20, Sep 2017 Duncan Simpson

What’s wrong with the all-ages graduate tax?

6:09 PM 18, Sep 2017 Jan Zeber

Charges and fees and more charges and more fees

12:02 AM 06, Sep 2017 Duncan Simpson

Is PFI profit really a waste of taxpayers’ money?

12:05 PM 31, Aug 2017 Jan Zeber