tag:blogger.com,1999:blog-1141932539860553199.post5560332893321516074..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Cinema Chains Refuse to Show Jedi AdvertMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1141932539860553199.post-32628727171475596342015-11-25T18:10:42.535+00:002015-11-25T18:10:42.535+00:00The main point being that if VAT was not mainly pa...The main point being that if VAT was not mainly paid by the poor, we'd have some other form of taxation that was.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-45528637232157902782015-11-24T17:06:04.654+00:002015-11-24T17:06:04.654+00:00R, good find, Murph is exaggerating a bit but it i...R, good find, Murph is exaggerating a bit but it is better to be right for the wrong reasons that just to be wrong.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-4768904296253380152015-11-24T14:33:40.126+00:002015-11-24T14:33:40.126+00:00http://www.taxresearch.org.uk/Blog/2015/11/24/the-...http://www.taxresearch.org.uk/Blog/2015/11/24/the-right-wing-fundamentalism-of-the-institute-for-fiscal-studies-on-display-again/<br />"This difficulty is simply stated and is that a corporation tax that behaves like a VAT is in fact the same as VAT. It’s a sales tax. And sales taxes have three fundamental problems.<br /><br />The first is that they are regressive: in other words those with lowest incomes pay a higher proportion of VAT than those with higher income. The reverse is true, of course with regard to taxes on shareholders – which despite IFS claims is exactly what corporation tax is now. So this suggestion is massively socially regressive and will increase economic inequality.<br /><br />Second, sales taxes fail to reward producer states. They may be developing countries who lose out on revenues on the extractive industries. Or they could be high tech states who have spent a lot on innovation. However looked at this is absurd: the states bearing the costs do not get the revenues in such a system. That’s economically bizarre, to be kind, and massively harmful to developing countries in the process.<br /><br />And third, do this and capital almost ceases to be taxed in practice. How convenient for the owners of capital.<br /><br />This proposal, most closely associated with Prof Michael Devereux of the Oxford Centre for Business Taxation, who is also closely linked to the IFS, which also espoused it in its Mirrlees Review, reveals an indifference to the role of tax in redistribution within and between states and ignores economic fundamentals but happens to suit the owners of capital very well.<br /><br />If that is not right wing fundamentalism I do not know what is."<br />Disagree on the third point, but Murph has nailed it here. More VAT BS.Randomhttps://www.blogger.com/profile/04445772572707818311noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-62740108960059320162015-11-23T18:38:43.460+00:002015-11-23T18:38:43.460+00:00As a Christian, I say the Jedi ad must be shown.As a Christian, I say the Jedi ad must be shown.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-54408264393971033572015-11-22T23:30:43.889+00:002015-11-22T23:30:43.889+00:00What! No comment from DBCR? Even in suport of t...What! No comment from DBCR? Even in suport of the optician monopoly? Maybe he is reading history now....ha ha haGraemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-78606712242949871652015-11-22T17:39:47.840+00:002015-11-22T17:39:47.840+00:00AK Haart,
Don't believe in Yoda? Heretic! ;)AK Haart,<br /><br />Don't believe in Yoda? Heretic! ;)Tim Almondhttps://www.blogger.com/profile/13369256383976094670noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-34035300798957340912015-11-22T17:00:44.152+00:002015-11-22T17:00:44.152+00:00Quite right too. There are many who don't beli...Quite right too. There are many who don't believe in Yoda and although we may be a minority, surely our feelings and deeply-held beliefs should not be brushed aside.A K Haarthttps://www.blogger.com/profile/05897490979828603179noreply@blogger.com