Kingfisher chief calls for smarter VAT increase
VAT on certain products better than blanket rise to 20%, says Ian Cheshire
Levying VAT across more products is a better option than a blanket rise to
20%, suggests the chief executive of Kingfisher.
Ian Cheshire, boss of the B&Q owners, said that while tax rises were
inevitable the government should look at the structure of the rise, reported
He called for a “smarter” form of tax rises, around encouraging or
discouraging certain forms of behaviour.
Cheshire pointed out that junk food was subject to sales tax but that no VAT
was levied on sugar.