4 of 7 people found the following review helpful
Excellent analysis - weak on solutions,
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This review is from: The Great Tax Robbery: How Britain Became a Tax Haven for Fat Cats and Big Business (Paperback)
A wonderful book. Richard Brooks does us all a great service by revealing the complicity between governments, rich individuals and large companies to ensure that the elites pay little to no tax while the rest of us get squeezed by ever higher open and hidden taxes. This book should be read by every single MP and there should be angry debates in Parliament. Instead, all the leading 3 parties are complicit in turning a blind eye and allowing this scandal to continue.
The only quibble I have is that the book is not strong in proposing solutions. Whereas the book says that the rules on Corporation Tax should be tightened and applied, I believe a much more radical approach needs to be taken. Every tax has a useful shelf-life when it can collect revenue before people find a way around it. We had a Beard Tax - people shaved off their beards. There was a Wig Tax - wigs went out of fashion. Similarly Corporation Tax has reached the end of its useful time and should be scrapped. It should be replaced by a retention of part of VAT collected by companies (for banks there should be a tax on assets held). This would mean that every company operating in Britain would pay tax on its turnover whether it claimed to be based in Jersey, the Cayman Islands or on The Moon. Here's an article I wrote for MoneyWeek explaining this [...]
But otherwise, this is a great book that I highly recommend