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In response to
"My concern is that we wouldn't see a change in payroll, income or sales taxes, just an addition of a VAT."
by
TWuG
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I think I agree with your im in an abstract sense; also if companies are now people in the eyes of the law, either corporations should be paying
Posted by
Loyola
Feb 25 '11, 15:06
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income tax at rates endured by every citizen, or people's income tax should be at the same rate as the current corporation tax. For a divergence between what companies and people pay in de facto income tax rates amounts to the taxing authority acting in a discriminatory manner towards one group or the other (given that both are people under the law).
I think I would be in favour of CGT being applied with strict qualifying conditions sans the ambit of investment income pertaining to bond and equity investment only.
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