Commission calls for single 30% income tax

In its final report published today, the 2020 Tax Commission - a joint project between the Taxpayers' Alliance and the Institute of Directors - has proposed a single rate of income tax of 30%. The move would see a number of taxes scrapped - including National Insurance contributions, corporation tax, capital gains tax and inheritance tax - in an effort to drive GDP 9% higher than current levels by 2030. "Those overall economic results would be impressive, with substantial improvements in growth," said the report. "This would be particularly strong between years five and 15. Ultimately...