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I offer a simple solution - tax on UK sales - UK costs. (For the case of the UK, but substitute your own country here). If the business is generally importing
by aembleton 8y ago
I offer a simple solution - tax on UK sales - UK costs. (For the case of the UK, but substitute your own country here). If the business is generally importing cheaply, marking up heavily and selling on then it will pay a large tax. If they employ loads of people and export then they'll probably pay not tax.
Taking on extra employees or switching to a local producer will reduce your tax bill. The government is then collecting payroll taxes from the new employee so it doesn't miss out too much.
If you're a global coffee chain that didn't make any 'profit' because you licence your logo from a subsidiary based in Switzerland. Well, that can't be deducted so you will be paying tax.
- matt4077 8y agoI cannot really tell what your supposedly "simple solution" actually is. But it seems just a restatement of OPs, but filtered through a Brexiteer's compulsion to add a bit us-vs-them to the mix. In that case it suffers from the same failures as OP: Starbucks would seize to exist because coffee still makes up 50%+ of their cost of doing business. And it adds an extra layer of "but why?" with an artificial distinction between domestic and foreign-produced goods.