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A levy on consumption makes for more efficient taxation

Tuesday, October 29th, 2019

… there is growing recognition of the need for an objective, politically neutral tax reform commission to comprehensively examine possible improvements… our tax system has evolved based mostly on short-term political considerations… a shift of the tax base away from its current heavy reliance on taxing income, and toward taxing consumption… would include annual income… plus other annual cash inflows that increase ability to consume

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