Personal income tax is calculated on income generated prior to expenses being deducted. But in business, corporation tax is calculated on any profit generated after expenses have been deducted from income. It is proposed that a study is conducted into the feasability and fairness of calculating them both in the same way: either personal income tax being revised and only calculated after household costs have been deducted (ie taxing household surplus or amount put into savings rather than income), or corporation tax being calculated on the basis of revenue alone.
Given that there is a current tax gap (between tax due and tax recieved by the exchequer) of £120 billion, we propose the introduction of country-by-country reporting and a general anti-avoidance principle, in order to ensure that everyone living or doing business in the UK pays all the tax they owe.
Given that there is a current tax gap (between tax due and tax recieved by the exchequer) of £120 billion, we propose the introduction of country-by-country reporting and a general anti-avoidance principle, in order to ensure that everyone living or doing business in the UK pays all the tax they owe.
We will extend the requirement on basic, affordable telephony to broadband to help ensure homes have sufficient access to the internet and to keep pace with the connected digital economy.
Enshrine net neutrality in law, protecting the fundamental principle of the free and open web.
Any data or research that is government funded will be required to be released under the Open Government License, ensuring that public funding equals public ownership. There will be an exception for government loans and innovation investment.
@PaulJRobinson - over 10 years ago
👍
with kind regards, Paul Robinson
about.me/pauljrobinson
On 15 January 2014 23:19, philipjohn [email protected] wrote:
Mostly inspired by PIrate Party UK. Certainly room for improvement.
You can merge this Pull Request by running
git pull https://github.com/philipjohn/manifesto digital-economy
Or view, comment on, or merge it at:
https://github.com/openpolitics/manifesto/pull/78 Commit Summary - Digital economy suggestions
File Changes - M economy.mdhttps://github.com/openpolitics/manifesto/pull/78/files#diff-0(10)
Patch Links: - https://github.com/openpolitics/manifesto/pull/78.patch - https://github.com/openpolitics/manifesto/pull/78.diff
— Reply to this email directly or view it on GitHubhttps://github.com/openpolitics/manifesto/pull/78 .
The OpenPolitics Manifesto
@philipjohn - over 10 years ago
Mostly inspired by PIrate Party UK. Certainly room for improvement.