Mark Wadsworth: VAT The Impaler

Friday 13 April 2012

Onus Probandy looks at the pastie-shaped holes in our economy.

And on an earlier post, he explained what generates returns on investment.

Bayard said...: Can't see what's wrong with VAT, myself. It seems damn nigh perfect: a stealth tax that it is easy to pretend is a tax on non-essentials entirely paid by consumers, which at the same time protects vested interests by raising barriers to entry and has exemptions for all the right people. Not only that, but 90% of the work of collecting it can be imposed on the people paying it. What's not to like?; 13 April 2012 at 17:32
Mark Wadsworth said...: B, good points as ever.; 13 April 2012 at 17:33
Robin Smith said...: Bayard. Agreed totally. Its a protectionist trade tariff. It protects our own people, against themselves, by raising the price they pay in support of monopoly power.; 14 April 2012 at 12:29
Anonymous said...: Ta for link.; 16 April 2012 at 13:35

Friday 13 April 2012