Administration of a new means tested tax will be costly. There'll be many rich folks find creative ways to avoid it too.
Would have to go into higher rate income tax, no?
Either way, it'll be remembered at the ballot box.
Is the idea bad?
Feasibility comes after.
I guess there's probably a "no such thing as a bad idea" rule when the governments special advisers have a brainstorming session...
@GOAThac started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
Administration of a new means tested tax will be costly. There'll be many rich folks find creative ways to avoid it too.
Would have to go into higher rate income tax, no?
Either way, it'll be remembered at the ballot box.