I have always wondered why there is VAT yet no “VAT” on buying stocks or crypto.
My proposal would be anyone from the UK, companies or foreigners buying shares or crypto (I know we can’t tax foreign crypto) would pay, for example a 2% buy tax and a 2% sell tax.
This, although would be trash talked as anti investment, would eventually be “priced in” when purchased. It would also reduce “skimming”
Billions of pounds is traded daily, if we taxed a very small percentage, we could raise billions.
Even if this scares off 10 or 20% of traders, the other 80% would be taxed, they would “price it in” and other investors would simply return and know what to expect.
It would also be a world first (I think) and other countries would quickly follow. Their “chancellors” would find it hard to resist the extra source of income. Normal people should welcome the tax, as it’s not another poor person tax.
