Saturday, 6 July 2013

Taxing business

Tax UK sales, not "profits". That way you catch Barclays, Amazon, Starbucks and anyone doing business in the UK. If a UK based business makes all its sales overseas (i.e. it's an exporter) it pays no UK tax at all (although it will be paying sales tax on all the things it buys in the UK).

Loss making (so called zombie businesses) will go to the wall. No more allowances / tax breaks of any kind. If you sell things to UK based customers, you pay tax on those sales - a tax on UK sales of 5% would be the equivalent of paying corporation tax of 20% on profits which are 25% of turnover.

No evasion possible. Similarly tax all land / property in UK

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