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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- Could Australia handle a flat rate tax system?
Could Australia handle a flat rate tax system?
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