What Is a Graduated Tax?

Graduation tax is a tax on the income of university graduates after work. There is no need to pay tuition fees when going to college. The graduation tax office will be distributed by each university.

Graduation tax

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Graduation tax is a tax on the income of university graduates after work. There is no need to pay tuition fees when going to college. The graduation tax office will be distributed by each university.

Chinese name

Graduation tax

Object

College Students

Production area

United Kingdom

Definition

University graduates are taxed on their income after work

For the sake of college tuition, the Conservative Liberal Democratic Party s coalition government has not only broken its brains, but also has inner strife. So in mid-July this year, the Minister of Commerce, Innovation and Skills for Higher Education

What about the employment situation of British university graduates? According to official figures, about 10% of college graduates last year have yet to find a job. The unemployment rate has increased compared to the previous year's 8%. The Higher Education Statistics Agency says this is the highest unemployment figure for college graduates in the past seven years. The proportion of college students who found a job within six months of graduation also dropped from 62% the previous year to 59%. The difficulty for college graduates to find a job is related to their major. Statistics show that all medical graduates are employed, with the highest unemployment rate among computer majors (17%). The top six professions with the lowest unemployment rates in the difficult stages are: medicine (0%), education (5%), law (6%), biology (9%), language (9%), and mathematics (10%). The top six professions with the highest unemployment rates are: computer (17%), media (14%), architecture, engineering, art (both 13%), and business (11%). It is indeed a very difficult time for those graduates who are out of school for a career for the first time. The person in charge of the academic federation said that university graduates are the main driving force for the economic recovery, and the government should ensure that the ingenuity of these people is not wasted and strive to help them find suitable jobs.

All discussions are now awaiting a review of university funding and tuition, hosted by Lord Brown, to be released after the Conservatives' October annual meeting. The review report will make recommendations on how the university will raise funds and whether it will increase current university tuition fees. The current tuition cap for universities is £ 3,225 a year, and some estimates may increase the price to £ 5,000, or even £ 7,000. Although the coalition government does not agree with the use of graduation taxes to pay for college tuition, it does not want to solve the problem by simply increasing tuition. The increase in tuition fees has shattered the Liberal Democratic Party's commitment to abolish college tuition fees.