flat tax in canada
In a recent study, the Fraser Institute is quoted with saying, "A flat tax is necessary to achieve efficiency, fairness, and the simplest- measure of a successful tax policy (Fraser institute)." The Flat tax system is a comprehensive, integrated approach to taxation. Flat tax uses a uniform tax rate for income, whether personal or business. The flat tax system ensures that all sources of income are taxed once and at one rate. The introduction of a flat tax system would create fairness, drastically simplify and improve Canada's tax system. Flat tax would not destroy progression in our tax system it would only make it more fair. Flat tax is not a new idea, it is currently used in Hong Kong and the Channel Island. The issue is not with out complication. Some would suggest that Flat tax would only benefit the rich. This argument is false, simply because if people have more money to spend, they will, and that is beneficial to every one. The issue is very significant because it is important to know if there are better way for the government to operate our tax system and flat tax is defiantly one of them. The biggest concern with flat tax is that it would eliminate progression in taxation. This is entirely false, a flat
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Some common words found in the essay are:
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Approximate Word count = 1016
Approximate Pages = 4 (250 words per page double spaced)
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