Tax Finance Wisdom

Malaysia’s government has put off a politically risky plan to enforce a 4 percent consumption tax , cheering opposition critics on Sunday who claim it will burden the poor.

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One prominent Republican congressman would shut down the IRS as part of a plan to replace the income tax with a consumption tax . However, although he apparently does not acknowledge as much, any tax (including a consumption tax ) will …

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In this regard, a flat tax on consumption can be shown to be the best from all perspectives – it is conceptually better and it is easier to implement. Further, a flat consumption tax coupled with a no income tax system will …

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What the Ryan roadmap does on taxes is propose a framework — a simplified but still progressive income tax, a consumption tax , and the end of the corporate income tax — that he argues, plausibly, would be more growth-friendly than the …

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Additional “tax cuts” touted in the budget are similarly hard to justify since they increase the ” consumption tax ” features in the income tax–expanding the “saver’s credit” is a too costly $27 billion over ten years; and expanding the …

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That’s a swipe at Ryan’s zeroing out the stimulus and replacing the corporate income tax with a business consumption tax .

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My very first article was on a sortition based consumption tax . One of its advantages was that it did not favor imports the way a carbon tax or cap and trade system does. A corporate tax that covers profits made abroad discourages …

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The bulk of the shortfall was recorded under the category international trade taxes, which include custom duty, the application of the General Consumption Tax (GCT) and the Special Consumption Tax (SCT) to imports, the travel tax, …

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The sales tax – a form of consumption tax – is marginal in the grand scheme.

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Or would some other general tax, a consumption tax maybe, do better at raising adequate revenue while for the most part staying neutral on the question of how people should live? Or is the meddlesome part of the income tax its …

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