This technological solution leading to 'frictionless trade' (that does not exist at any border anywhere else in the world) had better be good given that HMRC has 2,000 fewer staff than before the EU Referendum.@hzeffman in @TimesNewsdesk #brexit #HMRC https://t.co/QzTO5KdB8k pic.twitter.com/vwI9zeIA6Z— Noble Francis (@NobleFrancis) May 29, 2018
Tax does have to be taxing.
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Liberal application of a good lubricnut such as vaseline or silicone spray along with the stalwarts of trader facilitation, trader based compliance, trusted trader/partner, 'bonded' warehouse type systems (LCB?) and a touch of low percentage examination rates by a third party, what could be more simples?
ReplyDelete'A frictionless market is a theoretical trading environment where all costs and restraints associated with transactions are non-existent.' (Investopedia definition)