I’d want to reform the British tax system

Firstly, I’d put in place a system whereby there would be a 21% tax rate on distributed profits. So if a company earnt £100 and gave that £100 to its shareholders, £21 of that would be paid in tax. However, if the business reinvested that, they would not be required to pay tax. Now, this does not mean that the income goes untaxed. Instead, the profit is potentially taxed at a 21 percent capital gains rate. If the business reinvests its £100 profit, it is probable that the value of the business would increase and, with it, the value of a shareholders shares. If a shareholder were then to sell their shares, they would face the 21 percent capital gains tax rate. I'd also provide 100% exemption on all foreign earned income. Property tax would be based on the value of the land and any buildings or structures built on top of this information. There would not be an estate tax, transfer taxes, wealth taxes, or financial transaction taxes. VAT would be at 20% and labour taxes would be at 40%. There would be a 21% corporate tax as well.