James Miller

 

Monday, October 30, 2006

Myriad Taxes Instead of VAT

 

An idiot was calling for a system, where the tax on goods was proportionate to their green credentials. So I suppose you put high taxes on things like tickets for sports events, as these cause people to travel a lot.

We used to have a system of myriad taxes like that called Purchase Tax.

It was awful, as people like my father in the printing business, saw people take advantage of differential tax rates to put many out of business. He survived, but only just!

A flat rate of VAT may not be the best solution, but it is fair and doesn't distort the market.

0 Comments:

Post a Comment

<< Home