Outbreak of common sense in Wales!
Emailed in by John D, from the BBC:
Wales should slash income tax rates to the lowest in the UK, according to one of the candidates challenging Leanne Wood for the Plaid Cymru leadership.
Adam Price said the basic, higher and additional rates could be cut by 9p and business rates and council tax ditched*. New land value taxes on residential, commercial and industrial residential land would fund the changes**, he said…
The Welsh Government is getting more tax powers next April, including partial control of income tax.
* His proposals don’t mention ditching Land Transactions Tax as well, unfortunately.
** On a political level, it is better to say the Land Value Tax would fund those public services which increase land values, which would enable income tax to be reduced, but hey.
Source: http://markwadsworth.blogspot.com/2018/09/outbreak-of-common-sense-in-wales.html
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