COMMENT: A Single Income Tax would simplify our excessively convoluted system
Oct 2013 08

Writing in City A.M., Rory Meakin says that the Single Income Tax is the plan for substantial tax simplification that we need:

TAX simplification is back on the agenda, thanks to Simon Walker, director general of the Institute of Directors. Highlighting combined marginal rates of child benefit withdrawal and income tax of 73 per cent for those with four children earning between £50,000 and £60,000 a year, Walker called for radically simpler taxes. “I am all for a flat simple tax system,” he said, adding, “it has been shown to raise a lot more money”.

Click here to read the full article

New research: renewable energy subsidies will double to over £5 billion in next five years
Oct 2013 06

Renewable energy – such as wind – is only competitive thanks to generous Government subsidies. Those subsidies are paid for by consumers through higher household energy bills.We can reveal that, even based on conservative projections, those subsidies will rise from just under £2 billion this year to over £5 billion by 2018/19.

Ministers have claimed that costs will fall over time thanks to greater economies of scale, but the announcement that high subsidies will continue for the foreseeable future suggests that this
strategy has failed, despite the transfer of risk from investors to consumers.

Key findings of this research:

  • Total support for renewable energy through the main subsidy scheme (the Renewables Obligation and Contracts for Difference) will rise from around £1.99 billion in 2012-13 to over £5.32 billion in 2018-19 as more capacity is added to the network.
  • Onshore wind will receive a guaranteed electricity price double the typical wholesale price. Offshore wind will receive triple the typical wholesale price.
  • The Government appears likely to miss a critical target to reduce the cost of renewable energy. The target to reduce the cost of offshore wind to £100 /MWh by 2020 will almost certainly be broken as offshore wind will still receive £135 /MWh in 2018-19, falling from £155 /MWh next year (in 2012 prices).
  • Renewable energy subsidies have failed to deliver reductions in cost. Government policy was supposed to reduce costs by creating economies of scale and driving technological innovation but renewable energy still requires very similar levels of subsidy despite years of subsidy.
  • Despite the level of subsidy, the Committee on Climate Change (CCC) has warned that “required investment is at risk” unless higher subsidies for offshore wind are provided.

The total subsidy under the Renewables Obligation is projected to rise as follows:

subsidy

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:

“Targets that require massive investment in the energy sector, to install expensive technologies like offshore wind turbines on an enormous scale, will always mean more profits for energy companies and much higher prices for consumers. If the Government are serious about easing the pressure on people’s living standards, they need to take action and scrap lavish renewable energy subsidies. And it is a joke for Ed Miliband to pretend he is taking on the big six on behalf of consumers, when he is proposing to keep the targets in place. If politicians are serious about helping families struggling with their bills, then they need to do something about their dysfunctional and painfully expensive energy policies.”

EU fiscal factbook
Oct 2013 03

The TPA’s new EU Fiscal Factbook has been launched to show British taxpayers how some of their nearly €14 billion annual outlay to Brussels is spent.

The fiscal factbook is full of interesting facts about where some of this money goes and how Brussels hits British businesses with burdensome regulations.

Facts include:

  • The EU spent €2.4 billion on advertising in 2008; Coca Cola spent €2.1 billion
  • £160,000 of taxpayers’ money was spent on a fitness centre for dogs
  • The EU has 44 diplomats in Barbados alone
  • It costs taxpayers £150 million a year just to transport MEPs and their offices between the two European Parliament buildings in Strasbourg and Brussels
  • EU regulation costs the UK economy the equivalent of £5,000 for each household
Sep 2013 27

The Government will introduce a “Work for the Dole” policy, according to a reports  today. The policy, which involves requiring benefit claimants to undertake charity work or work experience as a condition of receiving benefits, follows a detailed plan released three weeks ago by the TaxPayers’ Alliance in our report Work for the Dole.

The Work and Pensions Secretary, Iain Duncan Smith, said:

The welfare state rightly provides a safety net for those out of work. But in return, jobseekers must do everything they can to get into work, that’s only fair.

As well as reducing the benefit bill by an estimated £3.51 billion a year, Work for the Dole would also help maintain a minimum level of structure in the lives of people caught in long-term unemployment, enhance the employability of job seekers by demonstrating attributes such as a work routine, make it harder to fraudulently claim benefits and restore a sense of fairness to taxpayers who are forced to pick up the bill for welfare.

The policy is overwhelmingly popular, too. A new YouGov poll for Policy Exchange showed that 56 per cent of the public support a Work for the Dole programme against just 12 per cent who oppose it.

It’s great news that Iain Duncan Smith wants to introduce Work for the Dole. He should be given every encouragement to see it through as soon as possible.

Click here to read the Work for the Dole report

New research shows that the case for HS2 is continuing to unravel
Sep 2013 26

Our latest research reveals that the Government’s already weak case for High Speed Rail 2 (HS2) is continuing to unravel. The research demonstrates that the line would not address the most pressing capacity issues on the UK rail network, despite the enormous cost.

With official estimates of the cost rising dramatically and many business leaders and politicians calling for it to be scrapped, the proponents of HS2 have stopped arguing for it in terms of faster journeys and instead are claiming HS2 is needed to address a lack of rail capacity.  But the new report challenges the Government’s argument that HS2 is required to provide extra capacity on West Coast Main Line (WCML), because:

  • Network Rail’s own figures show the WCML to be the least crowded long distance line to London, while routes such as the main lines into Waterloo, Victoria and Liverpool Street and key commuter routes into cities such as Birmingham, Manchester and Leeds are already full
  • Capacity on the WCML could be increased far more quickly and cheaply by reducing the number of first class carriages and increasing the length of trains 

Meanwhile, the report updates earlier research to identify the extent to which dozens of towns and cities would see a worse service if HS2 goes ahead:

  • Phase 1 would ensure longer journey times or fewer services to Coventry,WolverhamptonSandwellDudleyStoke on TrentStockportWilmslow, the commuter route between Euston and Northampton, the West Midlands suburban network via Birmingham New StreetShrewsburyWrexhamMid Wales, and all trains linking London Paddington with the Thames ValleySouth Wales and the West of England.
  • Phase 2 would mean longer journey times or fewer services toLancasterOxenholmePenrith, CarlisleLeicesterSheffieldNottingham,DerbyChesterfieldDoncasterWakefieldDurhamBerwick upon Tweed,EdinburghAberdeenInverness and Dundee.

The report also demonstrates that since we last published analysis of HS2 in 2011, there has been a dramatic deterioration in its business case. There have been increases in capital costs and a number of additional costs that would have to be incurred in order to live up to ministers’ promises for the new line.

The Government’s business case remains flawed, since it still assumes that those travelling on trains have zero productivity, which is increasingly unrealistic with advances in information technology. The additional costs over and above the Government’s estimates include:

  • The HS2 business case includes a total saving of £5.4 billion for reductions to existing services. If those services are not reduced, the cost of the scheme to taxpayers will rise
  • Competition on the route would mean a reduction in revenues of at least £10 billion over the life of the project
  • Building a new line in London to address the expected increase in passenger demand at Euston caused by HS2 (Crossrail 2) is likely to cost at least £10 billion
  • Major infrastructure expenditure needed to provide access to other HS2 stations will cost a further £2 billion
  • Further mitigation of the environmental impact of the route is likely to cost at least an additional £2 billion

 

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“As the projected costs have increased dramatically, the already fragile case for HS2 has completely disintegrated. There are far cheaper and better ways of substantially increasing capacity much more quickly on the route, not least by reducing the number of first class carriages and lengthening the trains. And quite apart from the astronomical and unjustifiable cost to millions of families across the country who would never use HS2, the Government’s own plans show how many towns and cities would in fact be left with a worse service if the line goes ahead. The project should be abandoned now before any more taxpayers’ cash is squandered on what risks being the most expensive white elephant of all time.”
Beware politicians bearing free lunches
Sep 2013 17

There is no such thing as free lunch, especially if it is handed to you by a politician. Nick Clegg, in an announcement during Lib Dem conference, has said all children in reception, year 1 and year 2 – pupils aged between five and seven – will be given hot lunches at school. This is a conference gimmick that is a misleading, but all too typical, attempt from politicians to wade in and pretend they are doing something about the pressure on the finances of struggling families by promising subsidies paid for with other people’s money. Sadly it seems like this policy has already been signed off by the Treasury and will cost taxpayers £600 million a year (you can bet that will rise as the scheme is inevitably expanded).

In the past Nick Clegg has rightly pointed out that universal benefits are both costly and unfair, but that principled opposition to spreading taxpayers’ money around seems to have been forgotten. The problem with schemes like this is that you tax those on low and middle incomes to pay for hand-outs to affluent families. Even when those on modest incomes do receive a universal benefit it’s certainly not free. They’ve paid for it (and all the bureaucracy that comes with it) through higher taxes.

It’s no wonder the Westminster fails to deal with unsustainable levels of Government spending when it is so keen on finding new ways to throw other people’s money at a problem that politicians have created themselves.

If politicians really want to deal with the cost of living crisis then they should stop making life so expensive. That means axing policies that make the family shop more expensive like the Common Agriculture Policy. It means abandoning green energy subsidies that force up energy bills. It means cutting taxes that are too often squandered  to pay for misguided programmes like this latest announcement. There are plenty of ways to deal with the cost of living crisis, but churning even more cash into the money-go-round – paying an army of bureaucrats to take the money away and give it back at enormous cost – doesn’t help anyone.

Ensuring pupils eat healthy and exercise regularly is an important way to improve academic attainment. But the responsibility for that lies in the kitchens of parents up and down the country. Nick Clegg is going to waste hundreds of millions of pounds of your money just for a party conference gimmick.

 

 

Sep 2013 04

In a major new report, the TaxPayers’ Alliance today outlines the next stage for welfare reform in the UK, Work for the Dole. Despite the creation of over three million jobs between 1997 and 2012, the number of people in the UK out of work has remained stubbornly high, even in times of prosperity. Work for the Dole, a programme of mandatory participation in community work and training in return for the continued payment of benefits, is the next step in getting people off welfare and into work. Based on successful programmes across the world, it is estimated the scheme would lead to annual savings of £3.51 billion and help 345,000 people off benefits over time.

Work for the Dole proposes that, after a certain time, anyone claiming the Universal Credit should undertake compulsory activity or – if claiming Incapacity Benefit or Employment Support Allowance – activity that they are physically able to do.  It would address the problem, as described recently by Lord Hutton of Furness, of those “who choose consciously not to work “.

Key recommendations:

  • Participants in Work for the Dole would be required to undertake 30 hours per week of either mandatory community work, physical and meaningful attendance at a job search centre; work for a registered charity; recognised training; or work experience.
  • For anyone already in work but claiming benefits, participation in Work for the Dole would top up their working time to at least 30 hours per week.
  • Work search activity would continue alongside the mandatory activity. If placements are with a commercial organisation, then there must be genuine skills development – it cannot simply be free labour for the commercial company.
  • The 30-hour benchmark may be adjusted downwards for people with childcare or similar obligations. For those with young children, pensioners or individuals with a severe disability there will be no requirement at all.
  • Non-compliance with Work for the Dole activity requirements would automatically result in suspension of all Universal Credit payments. This is based on evidence from the U.S. that suggests this is required to make the scheme fully effective

Importantly, the length of time before someone is automatically referred onto the scheme would be dependent on their National Insurance (NI) contributions. Those with a history of paying National Insurance would be referred onto the scheme after up to two years of claiming Universal Credit while those with little or no history of NI contributions would be expected to participate after three months of claiming Universal Credit. This would give more latitude to those who have paid into the system and strengthen the contributory principle in out of work benefits.

The introduction of Work for the Dole would end the ability to subsist on benefits instead of seeking work:

  • It is estimated that 575,000 people would be eligible for referral onto the programme on day one.
  • The cost of initially administering the programme is estimated at £1.05 billion in the first year.
  • The programme should rapidly lead to a gross saving of £3.51 billion per year on an on-going basis and a net saving of £2.46 billion in the first year.
  • Based on similar programmes around the world, 345,000 will come off benefitsover time.
  • Work for the Dole under the Universal Credit umbrella would remove the option of claiming benefits other than JSA and ESA (such as Housing Benefit and the Child Tax Credit) while not seeking work, which is currently possible

Polling has shown that the public overwhelmingly support the idea (net agreement of +75%) that those who can, should do full-time community service for their benefits. Even59 per cent of benefit claimants themselves now think benefits are too high and discourage work. Current reforms as they stand are not enough to fix welfare dependence. Work for the Dole would eliminate a great deal of fraud and provide a powerful incentive to seek a proper job while at the same time helping participants with the experience and credentials needed to get them onto the job ladder.

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:

Welfare should be a safety net for people who fall on hard times, not an alternative to working. The Government is improving the incentive to work but they need to go further and remove the option of sitting at home and claiming benefits entirely. Taxpayers rightly expect something back for the enormous amount they pay for out-of-work benefits, at the very least a real commitment to find a job as soon as possible. You should have to work for the dole.

Chris Philp, author of Work for the Dole, said:

“Despite the record number of jobs created in the UK economy in the last decade, welfare dependency remains a problem that costs taxpayers a fortune and ruins lives. Politicians of all sides acknowledge that that the current system encourages welfare dependency. Work for the Dole programmes in other countries have shown that this problem can be beaten and dependency dramatically cut. The public resoundingly back the idea that claimants should contribute for the benefits they receive and it’s time politicians caught up. Work for the Dole is an idea whose time has come.”

Frank Field, MP for Birkenhead, former Minister for Welfare Reform, responded to the publication by saying:

“Labour needs seriously to look again at Work for the Dole. The next Labour government must ensure that claimants are not simply left drawing benefit rather than having an offer of work. Benefit payments should help form the pool of resources to fund Labour’s future jobs fund Mark II.”

New research exposes the £2 billion “holiday tax”
Aug 2013 27
As millions of British families return from their holidays, our new research reveals just how much tax they have to pay in order to enjoy a well-earned break. Thanks to the highest taxes on flights in the world and other taxes on common holiday purchases, the tax burden on holidays abroad was £2 billion in 2012. That is a £500 million increase from the last TPA estimate in 2008. A family of four travelling to Florida are likely to have paid around £350 of tax on their flights and holiday purchases in the UK.

Key Facts:

  • In 2012 the estimated total tax bill for holidays abroad was over £2 billion. That is£56 for each of the holidays abroad taken
  • family of six travelling to Spain will have faced an average tax bill of £187 on their flights and holiday purchases in the UK
  • family of four travelling to Florida will have faced an average tax bill of £350on their flights and holiday purchases in the UK, an increase of £150 since 2008
  • couple travelling to Australia will have faced an average tax bill of £254 on their flights and holiday purchases in the UK

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:

“People work hard all year to make ends meet, despite high taxes and rising prices. They look forward to a holiday as a blessed relief but sadly the tax man is waiting even when they try to take a well-earned break. Britain’s exceptionally high taxes on flights in particular make holidays much more expensive, as well as making it harder for Britain to compete as a destination for tourists and business investment. The Government should cut Air Passenger Duty and make flying more affordable.”

Well over a third of potential home buyers will pay over £7,500 in Stamp Duty by 2018
Aug 2013 23

Our latest research reveals that out of every 5 homes sold in 2012-13 will be subject to Stamp Duty within five years and that 40 per cent of homes sold will be subject to Stamp Duty of 3 per cent or more, leaving buyers with a bill of at least £7,500.

Property price forecasts by Savills Research imply a huge increase in the number of homes which will be subject to punitive rates of Stamp Duty. The forecast price rises will lead to the liability of nearly 100,000 homes which incurred 1 per cent Stamp Duty in 2012-13 more than tripling as they become subject to the 3 per cent rate of Stamp Duty.

The threat of much higher Stamp Duty rates will increase the pressure for the Chancellor to cut this unfair, double tax as called for by the TaxPayers’ Alliance Stamp Out Stamp Duty campaign.

Key Facts:

  • By 2017-18, four in every five homes sold will be subject to Stamp Duty
  • In five years, two in every five properties sold will be subject to Stamp Duty at 3 per cent or more, with bills of at least £7,500 each
  • Nearly a third of all homes where Stamp Duty of 1 per cent was paid in 2012-13 will be subject to the 3 per cent rate by 2017-18. The average bill for those properties will rise from £2,319 in 2012-13 to £8,445 by 2017-18
  • In five years, 220,593 of the 725,602 homes which were sold in 2012-13 will be subject to a higher rate of Stamp Duty
  • 99 per cent of homes in London will be liable for Stamp Duty in five years and five out of six homes will be subject to the 3 per cent rate
  • Three in five homes sold in the North West will be liable for Stamp Duty in 2017-18
  • The fastest increase in the number of homes liable for Stamp Duty will be in the East Midlands where the number of properties subject to Stamp Duty will rise from 50 per cent to 71 per cent by 2017-18
  • Three in five homes in the South East will be subject to Stamp Duty at the 3 per cent rate or higher by 2017-18
  • Over half of all homes in every region of England and Wales will be subject to Stamp Duty by 2017-18, including in 306 out of 347 local authority areas

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:

“As the property market recovers, more and more people will be sucked into paying punitive rates of Stamp Duty and it will be more expensive to move than ever. High Stamp Duty rates stop young people buying a home and starting a family, discourage elderly people from downsizing and make it harder to move to a new place for a new job. The Government urgently need to cut Stamp Duty and ease the burden before the situation gets even worse.”

Big savings made on staff transport in Croydon
Aug 2013 20

Croydon Council has vastly reduced the cost of staff transport, resulting in a substantial saving for taxpayers. It previously spent £1.3 million a year on transport costs, but since reviewing the situation in 2010 the council is now seeing huge benefits.

It formerly relied on a combination of lease vehicles provided to staff and employee-owned vehicles. This combination not only meant that the Council was adding significantly to local congestion, it was also blighted by the fact that the Council had no real understanding of what state all these vehicles were in. Cllr Sara Bashford, Croydon’s cabinet member for corporate and voluntary services, admitted that it was “difficult to evaluate how fit for purpose these vehicles were at any one time”.

Identifying the problem is one thing, but dealing with the issue is an entirely different matter. Thankfully for local taxpayers, the 2010 transport review wasn’t just wasted paper but was actually acted upon. Croydon Council began a pilot scheme with Zipcar, the UK’s largest pay-as-you-go car network.

“The idea is simple”, said Cllr Bashford, “rather than owning a car outright or leasing a fleet, we have exclusive access to 23 vehicles during standard working hours”. By using local transport and having access to the cars when they actually need them, rather than frittering money away on an expensive fleet, the council has reported considerable savings:

  • Whilst the annual travel cost was previously an eye-watering £1.3 million, this has been reduced by 42 per cent to £756,000
  • Employee business miles fell by 42 per cent, from 1.1 million to 642,000 miles
  • Council car users have more than halved, as workers were encouraged to use London’s well connected public transport network

These savings are crucial and substantial. The lesson other councils should take from Croydon is that a seemingly small change in behaviour can quickly cut a colossal amount of waste. Councillors and council staff shouldn’t rely on doing things the way they always have because it’s easier and familiar.

Our recent edition of the Bumper Book of Government Waste uncovered other examples of costly transport bills that could be cut:

  • South Yorkshire Fire and Rescue Authority rang up a bill of £40,000 for luxury cars for three executives that few families in the county could afford
  • Liverpool Council took a similar attitude to its residents’ money, spending £90,000 on providing two senior employees with luxury cars, such as a BMW and an Alfa Romeo
  • Department of Energy & Climate change spent £176,000 on taxis for ministers in just 6 months
  • Department of Transport, despite running huge campaigns encouraging cycling, spent £97,875 on taxis between 2010-11
  • Ministry of Justice spent £4.5 million on taxi firms for moving prison staff and inmates around the country, a beyond-belief bill that must be cut

Croydon announced plans to increase Council Tax this year. Officials defended the added cost to residents by saying it was necessary to “protect frontline services”. But just looking at their transport savings shows how easily and quickly big savings can be made. Indeed, the saving of £544,000 is the equivalent of the Band D Council Tax bill for 464 families in Croydon.

When the Council can reduce just one bill by 42 per cent with some fresh thinking, claims that a Council Tax rise is necessary simply won’t wash with Croydon taxpayers.

New research shows potential for serious cuts to Stamp Duty
Aug 2013 16
  • New report shows how Stamp Duty could be simplified and cut without significantly impacting revenue to the Treasury
  • LSE research shows that cutting Stamp Duty significantly increases the number of housing transactions
  • Analysis from Walbrook Economics shows how an increase in transactions would mean new tax receipts and mitigate the cost of cutting Stamp Duty Land Tax
The Tax Payers’ Alliance (TPA) believes that Stamp Duty is an unfair double tax and should eventually be abolished. It stops young people buying a home and starting a family; discourages elderly people from downsizing and makes it harder for people to move to new places for new jobs. The TPA recently launched the Stamp Out Stamp Duty campaign calling for a cut in Stamp Duty, but new analysis shows that substantial reforms to ease the burden on home-buyers and limit the economic distortions created by the tax are possible with little or even no impact on overall tax receipts.
Key findings of this research:
  • Stamp Duty Land Tax raised £6.1bn in 2011/12 with residential property accounting for £4.2bn of that total. This represents 0.8 per cent of the £549bn of taxes raised in that year.
  • Work by Best and Kleven in their recent paper, ‘Housing market Responses to Transaction Taxes; Evidence From Notches and Stimulus in the UK (June 2013)’, clearly demonstrates a link between Stamp Duty transaction tax rates and valuations and activity levels. Reducing the rate of Stamp Duty by 1 per cent has increased volumes by 20% over a 16 month time frame in the past, with a permanent positive effect in the longer term.
  • Walbrook Economics estimate around 1.1m jobs are dependent directly and indirectly on the housing market. The fall in housing activity has cost 80,000 construction jobs and 80,000 to 100,000 associated positions in other trades.
  • They estimate that the decline in transaction volumes has cost the Treasury in excess of £1.3bn p.a. in lost Income Tax and National Insurance. VAT receipts will also be affected by the reduction in economic activity and their estimate is that the decline in transactions has reduced VAT receipts by £1.75bn p.a.
  • Stamp Duty accounts for less than 30% of the total tax receipts associated with housing transactions overall. Therefore – if higher tax rates reduce transaction volumes – higher receipts from other taxes, as well as more people paying the remaining Stamp Duty rates, will mitigate the loss in revenue when Stamp Duty is cut.
The TPA presents three proposals, all of which are designed to simplify Stamp Duty and reduce the burden on home-buyers:
  • Proposal 1 – Move to a marginal tax: The slab rate structure of Stamp Duty is unfair and creates enormous distortions. If people only paid each rate on the value above its threshold, rather than paying the highest rate for which their property is liable on the entire value, that would be a substantial tax cut and remove those anomalies. This proposal would particularly benefit those at the middle to low end of the market.
  • Proposal 2 – Double the thresholds: Stamp Duty currently has 5 rates, between 1% and 7%. If the thresholds were doubled, 77% of all transactions in 2011/12 would have been exempt from any Stamp Duty Land Tax.  This proposal would also particularly benefit those at the middle to low end of the market.
  • Proposal 3 – Halve the rates: Halving Stamp Duty rates would send a clear signal to householders that the Government was determined to encourage home ownership and mobility, and would benefit all home-buyers.

Each of these proposals would provide a substantial economic stimulus at little or no cost to the Exchequer. As the economy is finally showing some signs of recovery, this is an ideal time to act and cut Stamp Duty, before it becomes even more onerous.

Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:

“Stamp Duty is an unfair double tax that stops young people buying a home and starting a family, discourages elderly people from downsizing and makes it harder to move to new places for new jobs. The Government could cut Stamp Duty with a limited impact on the amount of money going into the Treasury’s coffers, as lower taxes would encourage more people to move and therefore increase the number of transactions being taxed. Politicians should seize this golden opportunity to reduce the burden and make things easier for the hundreds of thousands of people looking to buy or sell a home each year.”

Stamp Out Stamp Duty
Aug 2013 06

More than a quarter of home-buyers are now getting hit with a Stamp Duty bill for £7,500 or more, paying the punitive 3 per cent rate.

Stamp Duty is a challenging obstacle in the way of first-time buyers who dream of owning their own home. It also creates problems for anyone with a growing family and anyone who needs to move to take a new job. And it discourages elderly people from downsizing to a smaller property more suitable for their needs.

PLEASE CLICK HERE TO WRITE TO YOUR MP

The structure of the tax is a mess. The two major recent reviews of the tax system – the 2020 Tax Commission, from the TaxPayers’ Alliance and the Institute of Directors, and the Mirrlees Review from the Institute for Fiscal Studies – concluded that it should be abolished.

We are launching a new campaign – Stamp Out Stamp Duty – to do something about it. Our message is simple: the Government should cut Stamp Duty. New TaxPayers’ Alliance research out today shows how many people are affected by punitive rates of Stamp Duty; we are organising grassroots events around the country; and we need your help to put pressure on the politicians:

PLEASE CLICK HERE TO HELP US STAMP OUT STAMP DUTY

Once you have done that, there are other ways to help:

1. Please let your friends and family know about the campaign and encourage them to write to their MP, through the StampOutStampDuty.org website.
2. Let us know if you would be interested in organising a grassroots stall letting people know about the campaign in your area.

You can download the full research showing how much people pay at different rates in different areas here.

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