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neilwilson 5 hours ago

It would be far better if we could get a government in who would use Brexit freedoms to scrap VAT and all the other sales and import taxes. They are an administrative nightmare and both unnecessary and ineffective. Stick to simpler taxes.

The problem is that we have one side who loves all things EU and the other that loves all things neoliberal - both of which are obsessed with sales taxes for some reason

laurencerowe 4 hours ago | parent [-]

VAT is not really all that complicated and accounts for around 15% of the UK tax take. Moving that to income tax would mean a substantial redistribution from working people to pensioners and incentivise moving more production abroad.

Import taxes are pretty complicated but unilaterally removing them would mean we would have nothing to negotiate tariff free access to foreign markets.