Source · Select Committees · Treasury Committee
Recommendation 13
13
Paragraph: 97
Based on the evidence we heard and received, we conclude that income tax is more...
Conclusion
Based on the evidence we heard and received, we conclude that income tax is more efficient than some other taxes and we do not see a pressing need for reform at this time. The Government’s manifesto commitment not to increase the rate of income tax does not preclude it from adjusting income tax thresholds. We note that the Government could raise revenue simply by freezing income tax thresholds, and that such a change would cause minimum economic distortion.
Paragraph Reference:
97