May 14, 2019 -- 1:50PM, UBLE/REGY wrote:
There is a lot to be said of a system where people and corporations don't pay tax on what they earn, but on what they spend.That would benefit the rich….I am not rich, so would not get my supportIt has to be on earnings so the rich pay more than the poor
Do you think the rich pay a lot of taxes at the moment?
Did you read the rest of my posting?
May 14, 2019 -- 2:02PM, CLYDEBANK29 wrote:
"There is a lot to be said of a system where people and corporations don't pay tax on what they earn, but on what they spend"It's called VAT
Yes, we have both. We are taxed twice....well, those of us who pay tax on income i.e. not Amazon or a lot of the very rich...
May 14, 2019 -- 2:14PM, STUDYFORM wrote:
VAT is spent by the end user.US. WE PAY THE VAT!!!!!Companies pay VAT on their purchases, then claim it back, then pay 20% on vatable sales, so the only VAT paid by corporations is 20% on vatable profit!All tax evaders/avoiders are bad - it isn't acceptable. But the ones who do it for the biggest amounts should be sorted 1st.
Fair enough, but if we are redesigning the system, why should they be able to?