king_pellinor (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
king_pellinor) wrote2012-11-14 01:52 pm
king_pellinor) wrote2012-11-14 01:52 pm
Tax ranting #2 - don't ignore sales
What if we decide we should tax effort instead of reward, by charging tax on gross income?
Taxing turnover: so say 20% of every sale goes straight to the tax man. Hold on, doesn't that sound awfully like VAT? Which we already have?
OK, so the Starbucks argument seems to be "We think you're not paying enough tax, because if we take your sales and then ignore the tax you pay on them, we find you're not paying tax on them".
Doesn't sound entirely fair to me.
Can we argue that they're not paying enough VAT, because if we take their stamp duty bill as a percentage of VATable sales it comes to a very small number?
Taxing turnover: so say 20% of every sale goes straight to the tax man. Hold on, doesn't that sound awfully like VAT? Which we already have?
OK, so the Starbucks argument seems to be "We think you're not paying enough tax, because if we take your sales and then ignore the tax you pay on them, we find you're not paying tax on them".
Doesn't sound entirely fair to me.
Can we argue that they're not paying enough VAT, because if we take their stamp duty bill as a percentage of VATable sales it comes to a very small number?