TimHarford,
@TimHarford@econtwitter.net avatar

Why the biscuit tax leaves a bad taste in the mouth

Earlier this year, two distinguished gentlemen, Judge Hyde and his adviser Julian Stafford, sampled a mineral-enriched flapjack — alas, a year past its sell-by date — and pondered its qualities. (Flapjacks are slabs of oats stuck together with a glue made of butter, sugar and syrup.) The question: was this unconventional flapj

https://timharford.com/2024/04/why-the-biscuit-tax-leaves-a-bad-taste-in-the-mouth/

strypey,
@strypey@mastodon.nzoss.nz avatar

"In 2010, the Nobel laureate economist Sir James Mirrlees led a comprehensive review of the British tax system, which has with equal comprehensiveness been ignored by governments ever since."

@TimHarford

https://timharford.com/2024/04/why-the-biscuit-tax-leaves-a-bad-taste-in-the-mouth/

If it makes you feel any better, we have pretty much exactly the same problem in NZ.

strypey,
@strypey@mastodon.nzoss.nz avatar

A comprehensive review of the tax system made a series to recommendations intended to raise revenue and stop the tax burden falling hardest on wage and salary earners. While encouraging people with money to move it into economically productive places, instead of bidding up the value of real estate.

NZ Labour mostly ignored it for 6 years, and arguably lost the last election because of that. The NatACTFirst government is going full austerity.

@TimHarford

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