Could Australia handle a flat rate tax system?

  1. 17,269 Posts.
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    Could we make the adjustment to a capitalist model for our country?

    Ie fors and against .

    Im mean i dont know where the level would be . But no deductions or minimizations etc to exist .

    How all the businesses now that rely on governement welfare to exist would need adjustment for sure .

    But just say you put everything is taxed at say a corporate rate or gst well flat rate and no deductions .

    ie no claim backs at on anything . You earn it you pay it regardless of level of income or production .

    ie a company pays same rate as a wage earner etc etc

    Simply no opportunity to minimize a rate.

    No governement intervention of the rate . its set its fixed everyone is equal to it .
 
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