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Could Australia handle a flat rate tax system?, page-2

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15/12/16

15:55

Post #: 21366893
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Originally posted by valen1828 ↑

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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do you mean 20:20:20

ie 20% on Trusts & Companies; 20% on Individuals & 20% GST

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