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TAX REFORM

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