This is the kind of stuff that goes on for decades without anyone batting an eye at it. I welcome the Department of Government Efficiency if it can read an article like this and take action on it to generate revenue that was accounted for in revenue projections and forgotten about when it came time to collect.
Australia replaced thousands of tax code rules with a simple goods & services tax (GST), which is like a VAT. It noticeably improved the economy by reducing paperwork and overheads, especially for small to medium business.
We need more of this kind of thinking from governments instead of just layering more and more paperwork on top of existing paperwork!
Comments
This is the kind of stuff that goes on for decades without anyone batting an eye at it. I welcome the Department of Government Efficiency if it can read an article like this and take action on it to generate revenue that was accounted for in revenue projections and forgotten about when it came time to collect.
Australia replaced thousands of tax code rules with a simple goods & services tax (GST), which is like a VAT. It noticeably improved the economy by reducing paperwork and overheads, especially for small to medium business.
We need more of this kind of thinking from governments instead of just layering more and more paperwork on top of existing paperwork!