Accrington Web - View Single Post - Budget 20006

entwisi · 23-03-2006, 13:45

I think there was a comment by IIRC menzies that struck home with me. He said that whilst he appluaded some of the measures that the chancellor had brought in it just added to the already complex taxation system we have and this all amounted to leaving loopholes etc that can be exploited.

As an example of alternative thinking why not look at replacing the current multilevel, obscure system with a blanket percentage of income. remove VAT etc so lets say 30% of income. The goverment would get a far higher return as less avoidance would be possible and everyone would know exactly what they are due to pay.

23-03-2006, 13:45	#26
entwisi God Member Join Date: Apr 2004 Location: Up Bash Posts: 7,827 Blog Entries: 3 Liked: 44 times Rep Power: 4390	Re: Budget 20006 - any comments? I think there was a comment by IIRC menzies that struck home with me. He said that whilst he appluaded some of the measures that the chancellor had brought in it just added to the already complex taxation system we have and this all amounted to leaving loopholes etc that can be exploited. As an example of alternative thinking why not look at replacing the current multilevel, obscure system with a blanket percentage of income. remove VAT etc so lets say 30% of income. The goverment would get a far higher return as less avoidance would be possible and everyone would know exactly what they are due to pay. __________________ Ian Technical God, No 1 Geek And Linux Guru Have you seen my Flickr pictures?