U.K. Independence Party Considers 25% Flat Tax on Income
The leadership of the U.K. Independence Party, which beat David Cameron’s Conservatives into third place in a special election last month, proposed advocating a 25 percent flat tax on all income over 13,000 pounds ($19,800) a year.
The policy would mean someone earning 30,000 pounds a year would pay 4,250 pounds in tax. At the moment, 7,066 pounds in tax and national insurance is levied on such a salary. Godfrey Bloom, a UKIP member of the European Parliament who’s in charge of drawing up the party’s tax policy, said a flat tax would not reduce government revenue.
“We would argue that you wouldn’t find any difference in the tax take, because nobody on a high income pays it now,” he said in a telephone interview. “We would expect the tax take to stay the same or perhaps even increase.”
UKIP’s anti-immigration, anti-European Union message helped it come second behind the Liberal Democrats in the Feb. 28 Eastleigh by-election to the House of Commons. Party members at their spring conference in Exeter, western England, tomorrow will also hear proposals to load welfare payments onto debit cards that couldn’t be used to pay for cigarettes, alcohol or satellite television. UKIP members will vote on these policies later in the year.
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