The Blog Spot: Why #20Now for IPT might not be the only broker issue of the Budget
Ah, the pre-Budget blog. Where nothing is wrong and nothing is right because it’s all ifs, buts and maybes in the exciting game of “imagine if”.
So, is it time to dust off last year’s campaign for #20Now on IPT?
For anyone who missed it, understandably as the campaign never really got going …, the very shortened version of the theory is as follows.
The government needs more money.
When IPT was invented in 1994 the rate was 2.5%.
It has risen repeatedly, particularly in recent years, to 12%.
Money
The government needs more money, oh sorry I have said that already?
Raising IPT works. Some taxes don’t deliver what is expected. IPT
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