Thinktanks urge Rachel Reeves to overhaul ‘broken’ tax system

Coalition says ‘arbitrary and nonsensical’ rules are penalising work and discouraging investmentThinktanks from across the political spectrum are urging Rachel Reeves to use this month’s budget to overhaul the “broken” tax system, including abolishing stamp duty and merging income tax and national insurance.The group, which ranges from the rightwing Adam Smith Institute to the leftwing New Economics Foundation, published proposals for sweeping “pro-growth reforms” the chancellor could introduce to “tax all income from work equally”. Continue reading...