Reduce the levy on dividends and capital gains from 15% to 10% and you'd see a sharp boost in equity markets, as well as in consumer and business confidence.
Mr. Jospin eventually reduced the levies, but his popularity ratings dropped 20 points in a single month.
During the coming days, she or her representatives will have to broker a compromise that prevents the banks in Cyprus from collapsing, reduces the levies on deposits (particularly for small savers), and elicits contributions toward the cost of the bailout in other ways — quite likely ones that punish offshore depositors, the Russians included, even more.
The CMA is also looking at the impact of taxes on the sector, following changes in the budget which reduced the levy on bank balance sheets and increased the corporation tax on bank profits.
So I will, over the next six years, gradually reduce the bank levy rate – and after that make sure it no longer applies to worldwide balance sheets.
"Such a move would generate substantial economic efficiency gains from reduced congestion, reduce the tax levied on the majority of miles driven, leave many (particularly rural) motorists better off, and provide a stable long-term footing for motoring taxes without necessarily raising net additional revenue from drivers," the IFS said.
It is also smaller than GAI, with 1,600 officers, and better paid than the old, to reduce the temptation to levy informal driving taxes.
To encourage this he would reduce the inheritance tax levied on the estates of those who do, he announced, from 40%to36%6%.
A fair policy, by contrast, would reduce the deficit by levying a capital gains tax charge on the post-crash gains of this Midas-rich 1,000, which at the current 28% rate should raise up to £53bn, more than enough to kickstart the economy and create a million or more jobs – without any increase at all in public borrowing (Osborne please note).
While sticking to their guns to reduce the capital gains levy and to give relief to families with children, they have not been sounding the tocsin for junking the current code and replacing it with some variation of the flat tax.
