Quote by Max777
I remember discussing this with the then Tory chancellor. He held views similar to your own. Nice fella mind. He also didn't like the idea of removing income tax altogether in favour of purchase taxes.
I fundamentally believe that the burden of taxes should fall fairly. I think it is fair that those with the most to spend on anything other than the necessities of life pay the most tax.
That's probably because he knew it wouldn't work Ben. We already have a sales tax and any increase in its rate is always met with the argument that it has a more detrimental affect on the poorer in society.
What would the rate of VAT have to be to fully replace Income Tax?
Max/Ben,
Was watching some politico spouting on earlier around local Sales Tax as a replacement for centrally distributed local government funding, so that that way Income Tax could be significantly reduced.
When some one pointed out the situation in Northern Ireland with 'cross-border' shopping, the point was lost on him completely.
Bring it on and watch armageddon in the high streets as people in one town/borough/council area drive a few miles and shop 'next door', granted it would be fun to see Chris Huhne's reaction when CO2 goes up.
Just have to wonder where some of the 'Westminster village' come from, especially as slightly later there was another one saying that fundamentally the Poll Tax was fair and it just wasn't 'sold' right to the public.