Flat Tax in UK
...tax, national insurance contributions, value added tax, corporation tax and fuel duty.
Definition: "A flat tax, also called a proportional tax, is a system that taxes all entities in a class (typically either citizens or corporations) at the same rate (as a proportion of income), as opposed to a graduated, or progressive, scheme. The term flat tax is most often discussed in the context of income taxes."(Expert Report 2005)
At first confined to academic conversation and a few small islands, the flat tax has lately been introduced in numerous of the ex-communist countries of middle Europe, counting latest members... Flat Tax in UK Introduction The perception of a "flat tax", a simple tax system that...