Taxing all income would be fairer way; VOICE OF THE NORTH.
This could be accomplished by considering all their sources of income as taxable at the 40% rate.
Deduct from the total income any expenditure that can be proved to be necessarily - and actually - incurred to undertake their duties as an MP as an allowable expense in accordance with HMRC regulations.
Confirm that an MP's home is the property based in the constituency, while any reasonable accommodation costs associated with attending Westminster are again an allowable expense.
If 30 million employees can work to these rules, so surely can 646 MPs.
MICHAEL HOWARD, Jesmond, Newcastle
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|Publication:||The Journal (Newcastle, England)|
|Date:||Jun 24, 2009|
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