Author Archives: Brian Evans

Brian has been a member since 2015 and is the secretary of Letchworth, Baldock and district branch in Hertfordshire. He describes himself as a 'sedentary activist

Penny power

By Brian Evans | Wed 27th May 2020 - 9:00 am

Someone wrote an amazing article on LDV a few weeks ago, proposing a kind of national transaction tax (I can’t recall the precise term he used) levied on every electronic payment made in the country. We must make millions of these across the nation every day for business and personal purposes. Moreover, at the infinitesimally low rate of 0.005% – is that a halfpenny on £100? the decimals baffle me – the product would finance a Universal Basic Income of something like £800 per person per month. OK, it’s not enough to live on, the argument goes, but even at …

Continue reading »
Posted in Op-eds | Tagged | 6 Comments
Advert

Recent Comments

  • Peter Martin
    @ Paul, I accept you are agreeing to an extent. A limited extent. "There are ample legal mechanisms for ensuring that the financial settlement with t...
  • Paul WalterPaul Walter
    Peter: “We shouldn’t tolerate the term “Crown Dependency” being a synonym for “tax haven”.” I don’t know whether you are actually reading my ...
  • David Raw
    I rather thought the 3rd Duke and Duchess of Atholl sold the Isle of Man's feudal and sovereign rights in 1765 for £70,000 via the Isle of Man Purchase Act 176...
  • Roland
    @Peter Martin - I was responding to the curved ? ball Jeff throw out about Motability: If they can't charge VAT then its okay to reclaim the VAT rather than sim...
  • Peter Martin
    @ Simon, "Low earners on the IOM pay tax at 21% compared to – I think – 20% in the UK" I don't know where you get your IOM figure from. It is easy eno...