IMO a flat 10% corporate tax on companies would get rid of the inefficiencies of the current system and compel all to pay for their keep
proportional to the size of their businesses.
Just consider how much better a flat corporate tax would be for a corporation's accountancy systems (similar to the GST) rather than
the enormous expense currently to avoid tax. Have a look at the latest Hodge-Podge:
https://www.abc.net.au/news/2019-12-12/ato-corporate-tax-transparency-data-companies-no-tax-paid/11789048?nw=0Now let's be honest:
If any political party were to suggest a corporate flat tax, a weeding out of personal tax concessions and an implementation of
one page ATO tax return for all PAYE earners, would you vote for it in the interests of a better and fairer Australia?
The answer is likely no because you think that the status quo benefits you..eh?
But do you understand the current Tax Act? Probably not if you have to employ a tax accountant..eh?
When it comes to war we expect everyone to do their patriotic duty but in peacetime we all try to do the opposite
by avoiding tax. Does it make sense...eh?
