Taxing times ahead for all

It may seem the opposite of what’s needed, but the best way for the government to raise revenue is via income tax.

21st February, 2009

It may seem the opposite of what’s needed, but the best way for the government to raise revenue is via income tax

With the current economic meltdown leading to an avalanche of job losses, it may be hard to believe that the most solid source of tax revenue for the government is income tax, but this may well be the case.

The capital taxes capital gains tax (CGT), gift and inheritance tax, and...

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