Jonathan Lane recommends a flat-rate tax on revenues, and Philip Barton seeks a fairer tax rate to rein in the tech giantsI was interested to read that the EU and the chancellor, Philip Hammond, are considering taxing some global companies based on their revenues rather than their profits (Hammond calls for ‘Amazon tax’ to save the high street, 11 August). Would it not make sense to shake up corporation tax by scrapping the current system and imposing a revenue-based tax on all UK companies?

For example, if every firm paid a flat 2% on revenues, all the loopholes would disappear overnight – ensuring all companies paid taxes proportionate to the business they do in the UK. With the sweeping away of complex tax law, costly tax advisers would become redundant, and tax accounting would be simplified.

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