Michael Titcomb

3 years ago
This proposal appears to be rather comprehensive; however there appears to be two potential issues. The elimination of the corporate income tax must mean that foreign investors would no longer have to pay any taxes on their investments. While this would naturally incentivize foreign investment, I believe that this would be taking things too far. A relatively low tax rate would stimulate foreign investment while still generating revenue.

The other issue lies in the loss of revenue when switching from the corporate income tax to this proposal. This is not necessarily an enormous issue, and the proposal shouldn’t necessarily be changed to close this gap, but it is still something that should be more seriously addressed.
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Michael hasn't commented yet.

3 years ago
This proposal appears to be rather comprehensive; however there appears to be two potential issues. The elimination of the corporate income tax must mean that foreign investors would no longer have to pay any taxes on their investments. While this would naturally incentivize foreign investment, I believe that this would be taking things too far. A relatively low tax rate would stimulate foreign investment while still generating revenue.

The other issue lies in the loss of revenue when switching from the corporate income tax to this proposal. This is not necessarily an enormous issue, and the proposal shouldn’t necessarily be changed to close this gap, but it is still something that should be more seriously addressed.
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