From the TUC

VAT’s the way to do it! – or maybe not.

08 Jun 2010, by Guest in Economics

It looks increasingly likely that VAT will rise to help pay down the public deficit.  The first of the TUC’s new regular Tax Briefings tells you everything you need to know about this controversial tax but were afraid to ask. Why is VAT regressive?  Why is it contributing less to tax revenues than it used to? And, most importantly, should it rise?