Branch² Intelligence
Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
Key takeaway
Economists including Jim O'Neill urge Andy Burnham to replace six major taxes with a single levy in an open letter.
- Step 1Open letter from economists proposes replacing six taxes with single levy.
- Step 2Political debate intensifies; Burnham may adopt proposal as policy platform.
- Step 3If implemented, SMEs face simplified tax code but transitional compliance costs.
Source: The Guardian Business
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