Do you know what, I agree with your sentiments completely but regrettably, the concept will not fly... VAT / IVA call it what you will as a stand alone taxation medium will not function due to the inherent greed of the people in power!
Europe introduced VAT (we currently pay 20% on virtually all purchases in the UK) but if we take gas as an example, we pay VAT not only on the petrol or diesel, but also upon the levies and other taxes already charged... So we are paying 20% tax on taxes and this same scenario applies to Beers, Wines, Spirits, Cigarettes and a number of other things.
On top of this we pay Income Taxes and National Insurance payments on our earnings, Property Taxes, Local council Taxes, Stamp duties when we purchase a property and capital gains taxes if we sell and make a profit.
We have a National Health System so called funded by our National Insurance Payments but then find when we go to the dentists we have to pay, when we go to the Doctors, we have to pay for prescriptions and so on...
No... sorry, VAT to me is a little akin to Marxism, great in theory but unworkable in practice!...
And Broadhopper, I love your last statement ...
Quote:
The trouble is most of our law makers are lawyers and this system is going to hit them in the wallet, so I don't see this happening.
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In the UK, change Law Makers to Politicians and Lords and then realise how we big a problem we have!...
Mike A