property markt in crisis, page-71

Cancel ALL deductions, cancel ALL income tax, state taxes, license fees etc completely and replace it with an e-debit tax at point of sale.
No need to file tax returns, no more tax avoidance schemes, no more investments slewed by favourable or unbalanced taxation laws and loopholes, no more company tax, no more family trusts to avoid tax, no need to obtain private rulings, no more taxation act running into thousands of pages, no more foreign companies and investors ripping off profits and not paying their fair share.

Just apply a straight flat rate e-debits tax on EVERY debit transaction and there you have it. Nothing to worry about, all money settled every night electronically straight the the Government.

The reason it wouldn't be brought in is it's too simple.