If we assume the EU’s 3% DST is distributed in proportion to population, then it would increase U.K. tax revenues by 0.1%
#DontGetTooExcited
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Calculation: EU assumes 3% DST will raise €5bn Assume £1=€1 for simplicity EU population 508m U.K. population 63.7m ie 12.5% of EU U.K. total tax receipts 17/18 £690bn (per
@TheIFS) So 5bn x 12.5% = 625m 625m/690bn < 0.1%2 replies 2 retweets 3 likesShow this thread
Or about £10 each per year? Roll on Citizens income
https://www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2017/sep/15/the-guardian-view-on-universal-basic-income-tax-data-giants-to-pay-for-it …
12:42 PM - 22 Mar 2018
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