If Labour wants economic growth, it should cut IPT
Editor’s View: As insurance premium tax receipts head ever closer towards £1bn a month, Emma Ann Hughes reckons the sector’s ambition to axe or significantly cut this regressive tax needs to be linked to Labour’s growth plans.
In The Wealth of Nations, published in 1776, Scottish economist and philosopher Adam Smith argued taxation should follow the four principles of fairness, certainty, convenience, and efficiency.
Fairnes
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