Noteworthy:
"In theory, its a sound idea if implemented properly. Lower the tax rates, broaden the base. The result is that economic decisions are distorted less by taxes as similar activities (i.e. purchasing a good or a service) are taxed similarly. Moreover, lower rates - of course - make entrepreneurial activity and work more profitable.
But unfortunately politicians will be in charge of any such implementation. So you know what that means: bring on the lobbyist-induced exemptions!"
What do you want to bet that if the service tax is adopted, the tax rates will somehow mysteriously not get lowered.
It's in the same category as this absurdity: A revenue enhancing program designed as a "traffic safety" program, as discussed here.
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