IFS calls for end of stamp duty and savings tax in radical overhaul of tax rules | Mail Online

IFS calls for end of stamp duty and savings tax in radical overhaul of tax rules | Mail Online

Stamp duty should be scrapped, VAT should be charged on everything and all savings returns should be tax-free under radical reforms proposed by an influential pressure group today.
The Institute of Fiscal Studies published the results of a five-year investigation into the UK tax and concluded the current regime is ‘inefficient, overly complex and frequently unfair’.
What's more, the system is hurting the economy and a better one could create hundreds of thousands of jobs and add tens of billions to the economy.