Quote:
Originally Posted by RummyBoy
So what you're saying is that VAT (especially) is a very hidebound, onerous, time consuming and inefficient system...... If I understood you properly.
So many countries have pathetically complex taxation systems which effectively make the business person a slave to a system. If we could cut out that aggro, the system becomes economically much more successful and there would be less need for enforcement. Then I 100% agree with you.
As it stands these systems are basically falling apart (especially in the UK) and very poorly designed for the modern times. Some euro and asian countries have much more simple systems.
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I have no clue what hidebound and onerous mean,so i'l say how it is time consuming and inefficient system.Tho key problem how there is billions of taxes,billions of criteria and everything.
Back in middle age was easier - you had to pay 10% to church,10% to king and 10% for something else as well and that was it.Also i read one interesting article how Sweden become powerful country thanks to being neoliberal for certain time,meaning how they had then low taxes and very little regulations,and now they are social country with high taxes,and as result all big companies except one was founded in era of neoliberalism.