Absolute fiscal simplification by eliminating the corporate income tax
For more than 20 years, the tax system perpetuated itself bureaucratically and administratively, its main function being to serve the state budget. Anyway, where and when it was done, tax simplification was only marginal. Rarely were more daring solutions advanced, meant to revive a paralyzed, bureaucratic fiscal system that actually generated economic counter-performance. A true tax simplification must be a systemic one, not one that only touches upon unimportant points. In this respect, we need to rethink our fiscal and, in general, financial philosophy. Long-lasting solutions must be sought in the area of radical tax simplification. An innovative solution could be to eliminate the corporate income tax and introduce, for instance, an elementary turnover tax of 1%, or even a regressive one.




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