5 Comments
User's avatar
⭠ Return to thread
Dominic Frisby's avatar

Administer is right. I was young and stupid.

Turnover tax complicated in practice. LVT much better

Expand full comment
David Simpson's avatar

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.

Expand full comment
Dominic Frisby's avatar

Turnover tax penalises low margin businesses

Expand full comment
David Simpson's avatar

You could as easily say turnover tax encourages high margin businesses (which I would have thought was a good thing)

Expand full comment
David Simpson's avatar

but eliminates no-margin businesses pretty quick

Expand full comment