Quote:
Originally Posted by jambutty
The black economy, which is reckoned to run to billions per year, would be drastically reduced. People who do “work on the side” do so to avoid having to pay income tax and/or to supplement benefits. But by paying a tax on what they spend means that they would be contributing to the National Purse when they spend those ill-gotten gains.
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Who has "reckoned" the so called balck economy runs into billions? how many people do you know that work on the side and claim benifits?..and what about the people in our society that depend on these so called benifits.. such as state pensioners? do they have to pay this massive hike in VAT on what they buy to compensate for someone who for example.. feels like buying a speed boat or yatch from the nil tax they pay?