Stuart Adam

In this insightful discussion, tax policy expert Stuart Adam shares his expertise on the complexities of the UK's VAT system, exposing bizarre distinctions like the differing tax treatment of chocolate-covered and plain shortbread. He and co-host Ben Zarenko dive into the reasons economists favor VAT, while addressing its inefficiencies and regressivity misconceptions. The two explore the challenges of zero rates, exemptions, and how VAT reform could create a fairer tax landscape. Stuart emphasizes the need for broadening the VAT base to enhance efficiency and fairness.