Monday, October 6, 2008
I will be doing a scenario workshop with the revenue later this month and looking at how taxation might change in the different scenarios.
I plan to investigate a transaction tax in the Enlightened Transition scenario. This assumes most transactions will be electronic by 2020 and a small commission from the both the buyer and seller will be sent to the revenue. The upside is the end to income tax and doing tax returns.
In Localisation, the revenue collect tax in both euros and local currenies and try to spend local currencies within the currency area.
If you have an ideas or challenges for how we can generated the money to pay for public services in the future, do let me know asap. All ideas welcome, the more outrageous the better!