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Posts tagged “taxation

Preparing for financial disaster

We all have expectations, but things don’t always go to plan. We can lose our jobs, have investments fail, have disasters on holiday or have a unexpected expense that leads to spiralling debt. Can we and should we prepare for the worst? Have you put some money away for a rainy day or is it raining already?

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Should we tax the rich with a luxury rate of VAT?

Money - Seeing the future

Towards a fairer tax system.

There are three rates of VAT in the UK, zero for some foods, newspapers, children’s clothes, etc.; 8% on energy and 20% on most everything else. Should we have a luxury rate for the rich? How would it work? How can we define a luxury? Is luxury toilet roll, impregnated with aloe vera; a luxury or just bog standard?

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The Search for a Better Tax system.

Money - Seeing the future

Fairer taxes

I live in Britain but taxation is very similar all over the world. Many countries copied our system! I read an article that proposed a different tax system the other day but it only covered income tax and wasn’t a lot different. We need a fairer system. One that acknowledges social injustice. (more…)

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