There’s a group called 2020 Tax Commission looking at how Britain’s tax system should look in the year 2020. All well and good. Except that the commission is made of white, middle aged men, 90% of whom have an economics or tax background. I’m being a bit unfair. There’s one woman.
But seriously folks. Where’s the diversity in terms of age, gender, background, expertise or experience? Here’s a prediction. The group will have lots of meetings and will eventually come up with something that is nothing more than an extended official future.
They may debate a flat tax scenario (a fixed tax percentage for everyone earning more than a certain amount) but I very much doubt they will get as far as discussing a scenario where direct taxation is totally removed in favour of indirect taxation relating to individual (or institutional) behaviour (i.e. you link tax to what people spend or consume rather than linking it to what people earn or save).
Come on guys, shake it up a bit!