In taxes we need to start from scratch.
Sir I certainly appreciate Clive Crook’s “Four fixes for America’s fiscal fiasco” January 19, since the very first thing that came to my mind in this crisis was a… how are we now going to pay for it all? … especially since taxes have lost so much credibility around the world that they are even described more and more solely in terms of growth inhibitors.
In order to regain their credibility the taxes have to be of a progressive nature; they have to stop being overly targeted at the salaries in the formal economies; and they have to be aligned with new global realities. The only way to achieve a tax system that fulfils those criteria is by means of a sincere non-partisan cooperation that is allowed to reconstruct the whole tax systems… from scratch. In the US as in many other countries there is no way of making much sense out of the existent voluminous and confusing tax-codes.
In order to regain their credibility the taxes have to be of a progressive nature; they have to stop being overly targeted at the salaries in the formal economies; and they have to be aligned with new global realities. The only way to achieve a tax system that fulfils those criteria is by means of a sincere non-partisan cooperation that is allowed to reconstruct the whole tax systems… from scratch. In the US as in many other countries there is no way of making much sense out of the existent voluminous and confusing tax-codes.
Posts
