> Taxes should be based on revenue, not on profit. This means that every layer in a series of transactions to the customer would add costs. Great for the bigge

> Taxes should be based on revenue, not on profit. This means that every layer in a series of transactions to the customer would add costs. Great for the biggest companies who can do everything in house, terrible for smaller companies acting in a chain. A massive company who buys raw materials and produces everything in house and sells for £1000 would pay tax on revenue of £1000 per widget. A series of small companies may have: Refinery: revenue £100 Part production: revenue £200 Construction: revenue £300 Wholesaler: revenue £400 Brick and mortar store: revenue £500 Now the massive company pays tax on £1000 but this series of companies pays tax on £1500.