It’s curious to note in the light of recent discussion here that Jersey is planning, according to TaxNews.com, to change its newly introduced goods and services tax (or VAT by any other name) so that food will be subject to tax at 0% in the future.
As the Jersey Evening Post has said:
The Council of Ministers [...]
There’s an article with the above title on the Guardian’s Comment is Free site today, with the subheading:
A thinktank that claims to be unbiased is promoting dangerous tax policies that will widen the gap between rich and poor.
I recommend it. But there again, I wrote it. That though is not the reason for recommending it. [...]
I mentioned yesterday that the IFS did not appear to think that wealth was a basis for charging tax. Now I know why. This is what the they say in their report on Taxation of Wealth and Wealth Transfers:
Given that the justification for double taxation is arguable and that inheritance tax currently raises less than [...]
I found this in a slide presentation by Malcolm Gammie QC, one of the directors of the Institute for Fiscal Studies Mirrlees review, when talking about his work in that capacity:
What are relevant criteria for identifying taxable capacity? - earnings, expenditure, age, hair, status, education, gender, height, assets, disability, responsibilities?
My guess is he thinks that [...]
