I expect you will see tax breaks (for example ni reductions) for employing apprentices graduates or long term unemployed
Possibly tax credits for training similar to r&d
I expext corporation tax to rise across most countries with the mantra of we bailed out companies in their hour of need... its now their duty to repay that help
Would make sense although as corporation tax is so manipulatable I'd like to specifically see corporation tax relief factored in to training/graduates/employment.
Having businesses who've paid almost no corporation tax historically, who've also been the beneficiaries of the various Covid schemes, then being able to exploit subsidised labour in my view isn't equitable.
Rewarding businesses who have paid corporation tax by having the relief tied to tax paid seems a no brainer to me (although it might be unfeasible administratively).
All good points.
I would certainly like to see petrol and diesel taxes increased so as to offset VAT reduction as well as a reduction in NI.
The fuel tax increases can easily be justified to help with climate change as well as increasing the incentive toward more electronic cars.
There is a need for large-scale innovation in order to mitigate the worst effects of the impending large recession.
See this is where we disagree. Fuel taxes in my view are one of the most regressive taxes in existence. The poorest in society can't afford electric cars and outside of London most have to travel dozens of miles to work. A tax on fuel is a tax on working for the poorest.
Setting aside my personal opinion (to quote a great man "I am favour of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible), I think if any additional taxes were to be implemented there's room for some sort of land tax to replace stamp duty, business rates and council tax all in one. Calculated on purpose of land, acreage and location.
With a bit of thought huge warehouses in the middle of nowhere, vast country estates and upper middle class houses with a few acres would pay more but smaller houses and businesses (particularly on the high street) would pay less. You could possibly relax planning restrictions to compensate for large increases in tax so that people could build more houses on their land in order to split their land tax. This might be a driver for more houses to be built and lower house prices. It would also stop people owning huge swathes of land for years with planning and not building on it in order to keep supply repressed and prices high (the second planning was granted turning land from agriculture into housing the owner would have to pay a land tax equivalent to the volume of houses they've been given planning for).
Again though it could be too administratively challenging.