Thursday, 15 July 2010

Vince Cable proposes graduate tax

Good to see more of our ideas are feeding through to the policy making machine of Government.

http://sites.google.com/site/thirdchamber/tax-changes#TOC-Education-Funding-Tax

Our concept is that all current loans would be voided and the tax applied to all graduates via an immediate change in tax code.  Retrospective tax collection would not happen, and loans already paid would enable the graduate to have a pro-rata maximum 2 year “graduate tax holiday” in lieu of payments made.