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No, they are not fatally flawed - businesses help generate more activity and result in more tax paid, that should be taken into account when taking them directly via corp tax, and also when taxing dividends. VAT is big revenue stream for the budget, much more so than corp tax actually.
Yes, they are fatally flawed because, among other things, they fail to account for the CT and VAT being generated indirectly by an employee.
Yes, they are fatally flawed because, among other things, they fail to account for the CT and VAT being generated indirectly by an employee.
CT and VAT generated by the company, and people who take credit for it are the owners of the company, they should be getting credit for tax paid by employees in the business - that's the most fair way: all taxes generated by the company - CT, VAT, duties, PAYE should be used to offset any dividend taxation. Now that would be fair.
I agree. I don't mind paying tax. We wouldn't have the NHS etc. that we have without this funding. What bothers me is when the government think it's "their" money. It isn't.
No argument there. Pay rises and cutting budgets whilst funding useless weapons we won't use seems like a poor way to manage it. Might as well dump the concept of money and move on, really, but I doubt that's going to happen without a societal collapse.
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