Home > Financial > Student Budget Proposals Just a ‘Fantasy’?

Student Budget Proposals Just a ‘Fantasy’?

Added: (Tue Apr 16 2002)

Pressbox (Press Release) - Teaching teenagers about tax can be a tedious task, but the School of Finance and Law at Bournemouth University has devised a way of turning today’s teens into tomorrow’s tax experts.

In anticipation of Budget Day, the University has devised a unique ‘Fantasy Budget’ competition which encourages GCSE and Sixth Form pupils throughout the UK slip into the Chancellor’s shoes to predict what tax-related proposals might emerge from his secretive red box.

Creative thinking is certain to guide the winners as they tackle issues ranging from health to the environment to retail. Suggestions received this year include:
 rewards / tax breaks for people who donate blood or body parts
 the introduction of toll booths on county borders to encourage public transport and decrease pollution in the countryside
 increase tax on alcohol and cigarettes to pay for new gyms/leisure centres in poorer areas of the country
 reduce income tax for those taking up less popular jobs, ie nursing, social work, teaching, etc
 new tax to encourage manufacturers to reduce unnecessary packaging
 decrease tax on diet/low fat foods and similar products to improve the ‘climate’ for health eating
 extra tax on companies that exploit the third world
 extra tax on people who are to blame for causing accidents.

“The Fantasy Budget is giving us a real insight into the way teenagers think the country should be run,” Angharad Miller, course leader for Bournemouth University’s innovative tax courses. “Many of these ideas are the sort of thing the Government pays good money for think tanks and focus groups to come up with; whilst some ideas seem completely daft, they could lead on to worthwhile policies.”

This nationwide competition is co-sponsored by the Chartered Institute of Taxation and Toshiba. The winning teams will earn a trip to the House of Commons for a prize-giving luncheon and to receive top-of-the-range equipment from Toshiba for themselves and their schools.

Bournemouth University plays a leading role in the development of tax education in the UK, introducing the first qualifying law degree in Taxation Law and a Masters degree in Taxation. This focus on taxation is helping to bring the UK more in line with the US, where tax is already well established as a profession in its own right.

For further information on the Fantasy Budget and/or Bournemouth University, please contact:

Charles Elder, Press and PR Manager, Bournemouth University
Tel: (01202) 702717
Mobile: (07768) 771870
Fax: (01202) 702737

E-mail: press@bournemouth.ac.uk

Submitted by:
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.