Replenishing the coffers

After spending so much public money in reponse to the coronavirus threat, there will be a need to find ways to refill the public purse that do not all rely upon austerity. This could include a more robust approach to aggressive tax avoidance schemes and tax avoidance by multi national comapanies through creative transfer pricing. As the returns from the so called sin taxes of tobacco, alcohol and petrol are unlikely to increase, exploring the posibility of currently untaxed but costly to monitor sins, such as drugs and sexual sevices could generate substantial revenues that few would object to whilst also providing the added benefits to public health and a reduction in the high costs of policing and criminal activity.




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