FINANCE

Economist floats payroll tax idea

The UK could introduce a hypothecated payroll tax like in France, a former adviser to a series of Cabinet ministers has suggested.

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The UK could introduce a hypothecated payroll tax like in France, a former adviser to a series of Cabinet ministers has suggested.

In France, the Versement Mobilité is a 0.9% to 2.85% payroll tax levied on all employers with at least 11 employees to provide 45% of local transit authorities budgets.

Dan Peters

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