We would no longer get fabulous headlines in The Daily Mail like this:
VAT inspector pocketed £1.2million from her buy-to-let property empire while not paying tax in scam with her husband
* Savita and Naveen Seth had buy-to-let empire but failed to declare income
* Couple were found to have owed £171,400 in capital gains and income tax
* The couple also falsely claimed £63,983 in Job Seeker's Allowance
* Naveen was jailed on Friday and Savita handed a suspended sentence
There'd be no VAT or CGT anyway, far fewer buy to let empires, those that remain would be paying most of their tax at source, and with a Citizen's Income-style welfare system, there would be practically no welfare fraud.
What a boring world that would be, eh?
Debate Magazine
