Quote:
Originally Posted by Margaret Pilkington
Well, it is obvious that the poor are going to be more affected by paying VAT.......they have much less disposable income....but at least it isn't a tax that the rich can wriggle out of easily by paying an accountant to find the legal loopholes.
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I think you will find armies of accountants advising businesses of the items of personal spending that can be put through the business's books. That way the VAT can be offset.
I used to know someone who asked friends to retain any receipts they got, so he could pass them on to his accountant to see if they could go through his company's books...people who had absolutely nothing to do with the company!
He's long since dead, by the way!
