Reply to post: Re: Make robots pay tax

Basic income after automation? That’s not how capitalism works

I ain't Spartacus Gold badge

Re: Make robots pay tax

Re: Make robots pay tax

It's called VAT and it's not going to drop below 20% anytime soon.

VAT isn't a tax on the robots, or the company.

VAT is a consumption tax. It's paid by the final consumer of a good, or very small businesses.

Once your turnover is more than the threshhold (£60k?) then your only VAT obligation is to be an unpaid tax-collector for government. You invoice with VAT on, but then hand over the loot to the government at the end of the quarter - minus the VAT you've paid on stuff you've bought.

The tax on robots is corporation tax, which is a tax on the profits of business. So if they can cut salaries and so increase profit, then they're going to be paying more of that. Plus of course more tax from the shareholders on their dividends.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019