. @_DavidQuentin ‘s work seems to test the idea of unitary taxation/formulary apportionment to destructionhttps://twitter.com/DanNeidle/status/929289575171874816 …
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I mean: ALP suggests that two identical factories next door producing same product with same costs might be expected to pay similar tax bill (1/)
As u point out UTFA would give them different tax bills if one was part of a retail group & the other only selling into the same retail group. Which seems arbitrary (2/)
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Your thought experiment of value chain taxation restores symmetry between the two next door factories selling same product in same retail chain, but seems practically totally unworkable (3/)
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...which leads me back to think that ALP approach for all its faults has some combination of logic and practicality going for it, compared to these other 2 options (although there are other options eg
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