EDF don't make sense

The problem is that tax is applied in so many places. It needs drastically simplifying.

And the alternative would be no business in the first place... how is that better?

Feeble argument.

ok with sub titles for the hard of thinking.

Joe in the space of a month makes 100 purchases for his business on his debit card. That results in 100 transactions on his bank for which hi company is billed (for example) 64p each. A cost of £64.

Alternatively he uses his company CC to make the purchases, and at the end of the month settles the bill with a single transaction from the company account at a total cost of 64p

Positive cash flow is not possible with debit card if you are invoicing after the purchase - its too late, you have already paid.

I think you are confirming our suspicions.

I'd much prefer to have the capital first. Otherwise you're working for= the banks.

No it isn't. I once bought a parrot for =EF=BF=BD750 and the card was d= eclined. I immediately got a phonecall on my mobile from my bank. Afte= r asking some security questions, they cleared the transaction, which wa= s unusual for my account. They are looking out for fraud.

Then they should just use a normal account. I don't get billed 64p per = transaction. I'm assuming your amex s*it doesn't charge that, so why wo= uld a bank? The bank has your money, you have Amex's money. So the ban= k does better out of it. Oh and the shops don't get stupid percentages = added and can reduce their costs.

What is wrong with simply watching the balance to see how careful you ha= ve to be when you spend?

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The only intuitive user interface is the nipple.

If you simplified it, it would become obvious how much of ones income actually gets sequestered that way... the populous would not stand for it!

Contrarywise, at the moment people fel they are being taxed at every corner they turn.

Yup, they feel it, but its not there in quite such black and white contrast.

Well one large tax would seem less taxing to me than 50 small ones.

ok, 65% basic rate... rising to 95% depending on what you spend it on.

That is higher than the total taxes.

shows how well the current scheme works then ;-)

Whatever it works out at, if suddenly all taxes disappeared and we were left with only say income tax, as long as we got the same take home pay it would appear the same. Actually it would end up less, but goods would be cheaper without VAT, petrol would be dirt cheap....

Which is what we actually have. Especially if you're buying something like petrol, alcohol or cigarettes.

Precisely.

But what you term a "normal account" is a personal one. They're contractually different from business accounts.

Do you have a business account?

Petrol is 400%.

Why should banks charge businesses more?

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FIGHT BACK! Fill out your tax forms with Roman numerals.

Personal accounts are optional for starters, business ones are usually not.

The basic rule with business accounts is that you pay for *everything*. Putting money in, taking it out, and in many cases just having the sodding thing. Now some of these fees are open to negotiation and you may get special deals for fixed periods on opening a new account. But basically its a whole different ball game from a personal account.

Best to pretend it's a personal account then.

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A Jesus of mass J travelling at a speed of 27 meters/second collides wit= h a stationary Moses of mass M. Assuming any elastic deformation is lossless and perfectly reversible, c= alculate how long it will be until the next Passover.

Banks are businesses and therefore try to make money - which surely can't be a surprise to anyone, not even you.