We are talking about a totally different scale of revenue and the VAT rise is a structural change to the tax system to deal with a structural deficit. (itv.com)
Instead, there would be a tax cut of 4p in the basic rate, funded by changes to the tax system as it related to pension contributions, capital gains and pollution. (newstatesman.com)
MoneySense's resident tax expert and President of the Knowledge Bureau Evelyn Jacks says other changes to the tax system are «more significant than meets the eye.» (canadianbusiness.com)