By Leith van Onselen
The standard lefty cry when tax reform is discussed is “raise the top marginal tax rate, raise the company tax rate, and DON’T YOU DARE RAISE THE GST”… [But] in simple terms, taxing profits can be a disincentive to create new jobs through investment, and taxing incomes can be a disincentive for people with the most highly-priced skills to take on additional work…
The standard lefty cry when tax reform is discussed is “raise the top marginal tax rate, raise the company tax rate, and DON’T YOU DARE RAISE THE GST”…
[But] in simple terms, taxing profits can be a disincentive to create new jobs through investment, and taxing incomes can be a disincentive for people with the most highly-priced skills to take on additional work…
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