What is the Worst Tax Idea Ever?
Rita de la Feria
![Rita de la Feria]()
Rita de la Feria
Professor and Chair of Tax Law, University of Leeds | IR Fellow, Oxford University Centre for Business Taxation | Advisory Panel, UK Office for Budget Responsibility
A recent press release from the European Parliament on tax policy issues gave rise to a discussion on social media as to what has been the worst tax idea ever. I do think that there are plenty of recent contenders. Here are some of the ideas nominated by tax experts all over Europe. Do you agree? What is yours?
1. Nil rate corporate income tax band
2. Czech general VAT reverse-charge
3. EU GAAR in Anti-Tax Avoidance Directive
4. EU VAT MOSS
5. Hungarian internet tax
6. EU CCCTB
7. UK mortgage interest relief
8. UK High Income Child Benefit Charge
retired advisor-expert in Belgian VAT-administration, head of local/regional control team - studax in military and economic history
8 年most,of, all, not included in the list - inhertance tax on assets (real estate and financial values), who are already have been taxed many times in their creation,
Professor of Law
8 年Thanks for triggering this 'discussion' Rita. If you could list 'race to the bottom' as a tax idea, I'd say it was one of the worst - and one that is all too frequently engaged in.
The worst idea is that the community is a stakeholder in your business, income, and assets. It is a concept that legitimizes all the other bad ideas.
Non-doms have a choice where to pay tax Fellow of the Institute of Chartered Accountants - ICAEW
8 年How about the 75% super income tax charge for high revenues from Mr Hollande in France.? France still suffers from the damage to its image as a result if this, even though it was quickly abolished when it was realised it had clearly backfired.
Non-doms have a choice where to pay tax Fellow of the Institute of Chartered Accountants - ICAEW
8 年Wealth taxes, which are taxes on assets already taxed to corporation tax, capital gains tax, income taxes, sales taxes or vat, inheritance taxes and other duties. Also applying a progressive rate of income tax has little sense except as a disincentive to work harder.