Business Rates Exposed - the Curse of an Archaic, Broken System
Manage episode 467241800 series 3640106
The Injustices of Business Rates: An Unfair Taxation System in the UK that impacts especially on retailers, big or small
In this episode, host Gary Marshall discusses the inequalities and inefficiencies of the business rates taxation system in the UK. Highlighting its archaic foundation and complex bureaucracy, the episode exposes how businesses, particularly retailers, face an unjust financial burden. Should this system be abandoned for a fairer, more modern alternative? The episode also covers historical context, recent government interventions, and the impact on different business sizes and locations, concluding with a call for a fiscal system based on business operations rather than building values.
00:00 Introduction to Business Rates
00:41 The Complexity and Unfairness of Business Rates
01:53 Impact on Retailers and High Streets
03:23 The Basis of Business Rates
05:33 Online vs. Bricks and Mortar Retailers
08:46 Government Relief Schemes and Their Limitations
15:20 Historical Context of Business Rates
20:45 The Bureaucratic Nightmare of Appeals
24:49 Conclusion and Call for Change
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20 episodes