Administer is right. I was young and stupid.
Turnover tax complicated in practice. LVT much better
Seems to me the attraction of both is the same. You can’t move land offshore, and you can’t pretend you didn’t send item X to a UK address. Perhaps I’m missing something.
Turnover tax penalises low margin businesses
You could as easily say turnover tax encourages high margin businesses (which I would have thought was a good thing)
but eliminates no-margin businesses pretty quick
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Administer is right. I was young and stupid.
Turnover tax complicated in practice. LVT much better
Seems to me the attraction of both is the same. You can’t move land offshore, and you can’t pretend you didn’t send item X to a UK address. Perhaps I’m missing something.
Turnover tax penalises low margin businesses
You could as easily say turnover tax encourages high margin businesses (which I would have thought was a good thing)
but eliminates no-margin businesses pretty quick