tag:blogger.com,1999:blog-1141932539860553199.post4744520968905943219..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Why Big Business quite likes VATMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1141932539860553199.post-1993323692428263732012-03-19T07:33:24.166+00:002012-03-19T07:33:24.166+00:00RS, yes, fair summary. But most of the sheeple sti...RS, yes, fair summary. But most of the sheeple still believe that "production is good but consumption is bad and consumers pay the VAT so it does not affect producers".Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-73574955599685544102012-03-19T00:29:13.764+00:002012-03-19T00:29:13.764+00:00Good one.
VAT is inherently a trade tariff. Exce...Good one. <br /><br />VAT is inherently a trade tariff. Except it artificially raises prices by protecting our own people from competition from ourselves. Duh!<br /><br />In the end, VAT is protectionism, for landowners. And then so is all tax on production of course.<br /><br />The big corporates who love VAT, benefit more directly from it through monopoly profits are only skimming rents for that part of their income. It protects their monopoly profits by keeping the innovators and competition from starting up.<br /><br />Monopoly profits are really a tax on production. On top of all other taxes on production.Robin Smithhttps://www.blogger.com/profile/04648517992918303543noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-26072694877888413462012-03-18T15:36:14.812+00:002012-03-18T15:36:14.812+00:00TM, the £70,000 threshold is particularly spiteful...TM, the £70,000 threshold is particularly spiteful. It is explained to the gullible public as a tax relief for "small businesses" but actually it is a barrier to entry which protects those businesses which have managed to leap frog it and have turnover of (say) £150,000 or so. <br /><br />VAT is simply the worst tax, EU-imposed or not, the fact it is EU imposed is yet another reason for leaving the EU.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-7651090562989074182012-03-18T14:45:39.417+00:002012-03-18T14:45:39.417+00:00Apparently small businesses often stay small to av...Apparently small businesses often stay small to avoid registering for VAT which obviously restricts output and employment potential.<br /><br />Also, VAT is a compulsory EU tax, a condition of EU membership.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.com