All Major Parties' Tax Manifestos could lead to nasty shock for taxpayers

The Labour manifesto suggests minimal tax raises despite actual Government tax revenues being around £1,000bn yearly.

Conservative Party's promises on NIC cuts and special personal tax allowance for pensioners lack economic rationale. Parties fail to address UK tax system anomalies.

Proposed tax measures by major parties may not generate significant revenues, could lead to negative behaviors or inflation.

Read at Business Matters