Make Tax Fair

Make Tax Fair : A simpler, fairer tax system for the UK

Growing inequality, stagnating growth, and a rising cost of living are fueling deep societal problems across the UK. As a result, traditional centrist politics is increasingly being sidelined by more polarizing extremes on both the left and right. Both sides seek political advantage from the current economic climate. One camp predominantly blames immigration, while the other proposes simplistic wealth taxes. Neither has provided a clear, cohesive vision to fix our fundamental economic problems, nor have they fully addressed the growing sense of unfairness in the system.

A fair tax system should be built on three core pillars:

Ability to Pay: The level of tax levied on an individual or company must always reflect their actual financial capacity.
Equal Treatment of Income: Income should be taxed in the same way and to the same degree, regardless of its source.
No Arbitrary Thresholds: Tax should not rely on arbitrary cliffs that ignore personal circumstances and create undesirable economic side effects when crossed.

This reform would reduce bureaucracy, close loopholes, and create a fairer foundation for public finances.

Ultimately, people should be able to enjoy a wealthy, comfortable life by learning valuable skills, working hard, and making smart investment decisions.

The Need for Complete Overhaul

The current tax system has evolved piecemeal over centuries. Its spiraling complexity has created a breeding ground for tax avoidance, while the compounding burdens of administration, regulation, and enforcement act as a drag on productivity and innovation. The public knows the system is broken and is calling for change.

Beyond fairness, a complete overhaul of the system must achieve five key goals:

Reduce Inequality: Counteract the compounding effect of long-term asset accumulation, which prices out those without assets and prevents them from investing and benefiting.

Drive Economic Growth: Encourage individuals and businesses to create wealth through work and investment. At all income levels, spending and active investment should be incentivized over stagnant saving, and small businesses must be empowered to scale.

Lower the Tax Burden: Despite relentless attempts to cut waste, government borrowing continues to rise, and tax as a percentage of GDP grows. While more revenue may need to be extracted in the short term to stabilize the economy, there must be a long-term plan to drastically reduce the overall tax burden.

Radical Simplification: Reduce the administrative burden on individuals, companies, and HMRC alike, while closing the loopholes that allow for tax avoidance and evasion.

Currency Independence: The system must seamlessly accommodate and remain consistent across multiple currencies, including digital assets and cryptocurrencies.

Read the Full Proposal