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Now I don't know a lot about Taxation, but this is what I reckon and ONLY The Singaporean Government is listening to me - From South China Morning Post of 04/05/2002 - "Singapore yesterday announced the most far-reaching overhaul of its tax system in more than a decade, confirming it will cut direct corporate and personal taxes while raising indirect levies.
http://breakingnews.scmp.com/NLet/NLet.asp?Sec=biz&SubS=bizmain&Id=ZZZE9MRXI0D&P=Y "

	There should be no direct taxation - on your salary
	There should be no Capital gains, inheritance and other taxes

What there should be, is a tax on things you buy - only.

Call it VAT/GST or whatever, and it should be collected from Registered Companies - based on their "Sales", as shown in their audited accounts.

Advantages:

	Government collects from fewer, identifiable sources - not millions of individuals
	Only 1 type of Tax to be administered
	Less depressing for salary earners, investors etc.. where the difference between their Gross and Net can be a source of disappointment.
	Puts the decision to pay or not pay, in the hands of the individual

There are no disadvantages......!!

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Last update - May 20, 2009 - email to djmikecurley@gmail.com