specification in buisness tax (vs taxes on household) (revnue vs profit)

economy.md

@@ -68,7 +68,16 @@ Adopt Land Value Taxation (LVT)[^lvt], a charge on the rental value of land not
 
 ## Business
 
-Personal income tax is calculated on income generated prior to expenses being deducted. But in business, corporation tax is calculated on any profit generated after expenses have been deducted from income. It is proposed that a study is conducted into the feasibility and fairness of calculating them both in the same way: either personal income tax being revised and only calculated after household costs have been deducted (i.e. taxing household surplus or amount put into savings rather than income), or corporation tax being calculated on the basis of revenue alone.
+Personal income tax is calculated on income generated prior to expenses being deducted. But in business, corporation tax is calculated on any profit generated after expenses have been deducted from income. It is proposed that a study is conducted into the feasibility and fairness of calculating them both in the same way:
+either
+1) personal income tax being revised and only calculated after household costs have been deducted
+(i.e. taxing household surplus, after taxes, payments for services provided to the public, energy, utilities, not neglecting to include legal obligations, such as car insurances & MOT & cost of telecomunications,
++ other costs that are economic rents they have to pay out, such as the cost to live near where they work + repayments of debts)
+[on the basis that most jobs require to get to the workplace, more than half the adults that could work, do not have a job close to where they are, or would not if they would need to get another job]
++ any cost of public services such as transport, & health necessities, prescriptions, dental, optics, audition;
+or
+2) corporation tax being calculated on the basis of revenue alone
+(just net of other taxes, & compulsory costs such as payment for infrastructures, utilities, legal obligations & similar, including insurances, public licenses & some capped packages for staffs remunerations, & other economic rents they have to pay out).
 
 Given that there is a current tax gap (between tax due and tax received by the exchequer) of [£120 billion](http://www.taxresearch.org.uk/Documents/FAQ1TaxGap.pdf), we propose the introduction of [country-by-country reporting](http://www.taxresearch.org.uk/Documents/CBC.pdf) and a [general anti-avoidance principle](http://www.taxresearch.org.uk/Blog/2012/06/20/why-we-need-a-genuine-general-anti-avoidance-principle-to-beat-tax-abuse-2/), in order to ensure that everyone living or doing business in the UK pays all the tax they owe.
 
@@ -101,4 +110,4 @@ information to the public in a similar manner as the property price paid data se
 requirement to register land option agreements, transactions and prices."
 
 ## Ownership
-When you buy something, it should be owned (not a license to use). A preventative measure to reduce risk of vendor lock-in and promote ability to fix and modify purchased products.
+When you buy something, it should be owned (not a license to use). A preventative measure to reduce risk of vendor lock-in and promote ability to fix and modify purchased products.