In these difficult times, with Banks holding on to the Bail Out money you loaned them and refusing to let go unless you pay some exhorbitant interest rate there are few fresh ideas out there to get our economy going again. We all saw how the VAT reduction by 2.5% just caused caos to smaller businesses whilst the lar ge ones made a few clicks on the EPOS (electronic Point of Sale) system and off they went. An Income and Corporation Tax holiday for companies not touched in any way by the Bail Out would redress the balance. Banks, Financial Institutions, Politicians and Government Bureaucrats would hate it, they think your money literally belongs to them. I cant think of a better reason to have a 1,2 or 3 year Tax Holiday!

People know me as someone who would ultimtely abolish the Income Tax System completely and replace it with nothing.

How can you do that? Wont the sky fall in Chicken Licken? That is what the Banks, Financial Institutions, Politicians and Government Bureaucrats want to scare you with. They caused the mess and they are the one's who can get us out of it. See this websites links to find out alternative options that have been around since the 1930's.

No Income tax would not mean less spending. It would mean you say where your money goes missing out the Middlemen Banks, Financial Institutions, Politicians and Government Bureaucrats.

Just remember, its not top end Tax Payers who will benefit from a Tax Holiday - most of them have expert advice and offshore accounts and pay less than 5% Tax. A recent report showed that almost all of our resident billionaires paid Zero Tax in this country. Its the regular people and those who are self employed, run small to medium sized businesses who contribute the bulk of Tax revenues. When Gordon Brown goes on about narrowing the gap between the rich and the poor, you can bet the opposite is happening -  just look who he gave all of our Tax Money to - the Banks, widening the gap between rich and poor for generations to come. Which means its more important to Neo Labour to have you in Debt for money Brown gave the Banks than it is for you to be Debt and Deficit Free and able to manage your own income via a Tax Holiday. Both Labour and Conservatives are banging on about how important it is to reduce the country's Deficit, it is the new political football. If it is that important why did they run up such a huge debt in the first place? They did have a choice after all and I dont remember too many members of the public being in favour of huge Debt. It was obviously intentional and follows the typical Tyrannical Government pattern of creating a problem then acting like heroes by saving us from the same problem they created. Why do we fall for it! So much for Neo Labour being Socialists. Full of great idea's that are unrealistic and unworkable, suiting only bureaucrats scoring an easy living with their friends in high places. The cost of running this huge Government is approaching 50% of GDP when all Direct and Indirect Taxes are considered. Can you imagine a business trying to run with Management costing 50%? An Income Tax holiday would force them to become efficient. My best estimate is that a job done by Government costs at least tree times what a private firm would cost and this can even rise to ten times that cost. Just look at the estimates for the Olympics compared to the final bill, In fact just look at ANY Government Project for that matter.