UK Petrol prices
"Tony Bryer" wrote in message
...
In article , Nick Cooper wrote:
In a way, it might be better to abolish all "hidden"
taxes and just bung everything on income tax, but they'll
never do that, because it would make the overall burden too
apparent....
For a lot of people income tax is unavoidable, but there's an awful
lot more who get more than a little of their income cash-in-hand.
From an economic pov petrol is a wonderful thing to tax as you have
almost total knowledge of the supply chain so, at a guess, 99% of
the tax that should be collected actually is.
Actually, I think that excise duties are collected at the 'manafacturer'
point so duties are collected on some product that ultimately
becomes wastage so you could say that more than 100% is
collected
tim
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