Paradise Papers

[Husar]

If we want to fix the system, we need to be brutal. Instead of targeting profits, we should target the money being generated. If they are attempting to avoid 10% tax on profits, then we should impose 5% on money generated... a significantly higher amount. This means for every £20 Starbucks gets, £1 goes straight to the Taxman. You might start crying "but but.. big company X might leave the country!", want to know the secret? Let them. Like in the South Park episode where they kicked out Walmart, another company will take its place and take that money for themselves.

With the amount of money being generated, we will be able to provide the population with a Universal Wage. Any income above this can be taxed, flat-rate even. Universal wage would make sure those vulnerable in society are able to provide for themselves. Universal Wage would also allow for the rise of automation and technology, with people not being left behind by progress.

I may have underexplained it in my last post, but one potential problem is that when you tax all their income, it can disproportionally hurt smaller companies that now barely make a profit and then make a big loss and go out of business. Which just helps the big ones in a way. Yes, they might pay more taxes now, but they also get rid of their competition. And then you get more monopolies and customers getting shafted.
Then, as soon as you begin to make exceptions, the lawyers of the big ones will likely find ways to be worth their money again...

Isn't that why so many laws are so complicated in the first place?