Tuesday, 8 November 2011

Transaction Tax

Here's an idea for a way to make a financial transaction tax palatable to more politions.

¤ Transactions within areas such as the EU & attached areas are not taxed.

¤ Transactions to normal tax areas outside the financial area's 'local zone' should be taxed at 0.1%.

¤ Transactions going to minimal tax areas, such as known tax havens, should be taxed at the equivalent tax rate that would have been raised if the money had stayed within the financial area's taxation jurisdiction.

¤ Transactions bringing funds into the financial jurirdiction that are liable for tax should have any outgoing taxes refunded in full.

Hell, it may just work!

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Friday, 4 November 2011

Culling Tax Avoidence

OK, this is a bit off the wall, and to work it would have to be adopted worldwide, but if multinational companies had to pay tax in the country or contries that their shares where traded in, would this not reduce tax avoidence and help to kick start the global economy?
Now that was a long scentance!
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