In the US they slashed tax rates but disallowed deductions and...

  1. 6,757 Posts.
    In the US they slashed tax rates but disallowed deductions and found they were actually able to collect more tax. That's what they need to do here - do away with all the little avoidance schemes that the super wealthy use and cut rates right back. They could also do with 90% of ATO staff by simplifying things like this - possibly why it will never happen.
 
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