Flat tax could create 'mini-boom'
Secret Treasury paper reveals benefits of flat tax rate
A flat tax rate could improve economic activity and tax revenues, according
to reports relating to a special Treasury paper.
The Daily Telegraph claims that an uncensored copy of a Treasury
paper reveals that a flat rate of tax on all personal and corporate earnings
could create a ‘mini economic boom’.
The paper quotes the Treasury report saying a flat tax would create ‘a
one-off virtuous circle from tax cuts to economic growth to tax revenue’.
A copy of the Treasury report was originally made available under the Freedom
of Information Act, but with key sections blacked out, according to the
Telegraph.
The Tory party is reported claiming that the blacking out ‘verges on
disinformation’.