Green Party pledges to abolish cap on employees' NICs
The wealthiest in society will pay significantly more tax under Green Party plans, the party reveals in its manifesto
22 May 2017
Although little detail is supplied, the party said it will ‘ensure that everyone pays their fair share of tax and there is a crackdown on tax dodging’.
Alongside its phased abolition of the cap on employees’ national insurance, it promises to reform taxation to include a wealth tax on the top 1% of earners, invest in more staff at HMRC so they can work more effectively, and reinstate the higher level of corporation tax for large businesses.
Similar to Labour, it also promises to introduce a ‘Robin Hood tax’ on high value transactions in the finance sector, while inheritance taxed according to the wealth of the recipient under a Green-led government.
Other policies include the introduction of a four-day working week, capped at 35 hours and the abolition of zero-hours contracts.
It also promises to take steps towards the introduction of a universal basic income, including a government sponsored pilot scheme, as a means to ‘increase security and avoid the poverty trap’.
Moreover, it promises to End the gender pay gap, and require a minimum 40% of all members of public company and public sector boards to be women.
The Green Party manifesto is available here.