Showing posts with label Fair tax system. Show all posts
Showing posts with label Fair tax system. Show all posts
Tuesday, March 25, 2025
Kerre Woodham: Is there such a thing as a completely fair tax system?
Labels: Fair tax system, Kerre WoodhamSurely the most you can hope for is a least unfair tax system. I ask this because a UN report is calling for countries to check taxes are being applied proportionally to the wealthiest individuals, and questioning the fairness of GST. The UN Committee for Economic, Social and Cultural Rights said a tax policy that maintains a low personal and corporate income taxes without adequately addressing high income inequalities is an example of a regressive and ineffective policy, and consumption taxes —of which GST is one— can have adverse impacts on disadvantaged groups, such as low-income families and single parent households, because they typically spend a higher percentage of their income on everyday goods and services. They don't have the option of withholding spending; they have to buy the basics.
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