TAX REFORM

Flat tax. Suggest 15% income, 15% corporate, 15% GST and a capital gains tax. Would have to adjust welfare to compensate ??UBI.

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Tim O'Donnell commented 2016-12-06 20:48:18 +1300
The tax rate isn’t the real problem. The problem is people not paying their share of tax because of loopholes
Ian Butcher followed this page 2016-11-25 23:24:38 +1300
Tim O'Donnell commented 2016-11-25 15:21:20 +1300
Changing the Tax structure is the most important idea I can think of. I don’t agree with this suggestion as it’s open to loop holes. I don’t know the answer but it has to work on a single rate, like 15%, but will need to be something that has to be paid & can’t be claimed back, exempted or reduced through some loophole or other.
Tim O'Donnell tagged this with essential 2016-11-25 15:21:19 +1300
Nathan Rattray tagged this with interesting 2016-11-25 14:22:24 +1300
Jonathan Swadling commented 2016-11-25 13:14:51 +1300
I’m not a fan of this concept as effectively it is regressive, with those who spend everything they earn on low incomes being hit harder by GST than those who save or spend money overseas. I think there does need to be some playing with the tax system, but for me this isn’t it.
Jonathan Swadling tagged this with dislike 2016-11-25 13:14:51 +1300
John Hyndman published this page in Suggestions 2016-11-25 12:59:42 +1300