Tax settings and inequality

Fabian Essay: Tax Settings and Inequality Andrew Giles MP & Terri Butler MP

It is time to recognise that taxes are more than simply the price of civilisation: they profoundly shape our economy and society.

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  • commented 2018-01-03 03:33:22 +1100
    If the trend up to the mid-70s was for average weekly working hours to be reduced and real wages to increase, what justification is there for the current trend where these indicators have been reversed. In the past, increases in corporate profits have generally led to an increase in corporate tax revenues however nowadays, the increase in profits seems to be used to find ways of avoiding taxes. Perhaps a focus on turnover taxation for larger businesses might produce a better result as income tax only seems to punish those who can least afford it.