Debate Magazine

City AM Let's Another One Slip into Its Pages...

Posted on the 15 May 2019 by Markwadsworth @Mark_Wadsworth

From City AM Debate:
Since it’s likely that an online sales tax would be passed onto shoppers, what we really need is a proper shake-up of how we tax multinationals to make them pay their fair share, including by making it much harder to stash corporate profits offshore.
Business rates are also a mess. Because the current system is based on rental values, if a landlord improves a property, the value goes up and so does the tax.
The government should replace the current system with a tax based on the underlying value of the land the property sits on.

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