the merit of simplicity
Making tax simple and transparent is the last thing business wants, hence all the bollocks about tax on profits. If tax on income is good enough for the workers then it's good enough for the company, with suitably adjusted rates and allowances.
The argument that 'most small businesses would pack up and quit' don't hold water, as I dont see that many individuals, who are taxed in exactly this way, making that choice.
Biting the hand that feeds IT
