US EditionNo Country Can Tax Itself Into Prosperity
Summary by The Express Tribune
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No country can tax itself into prosperity
While all taxes are bad, some taxes are worse than others. It's important to distinguish among various types of items on which the government imposes taxes. First, we have income or value-added taxes, which correspond to taxes on the returns to factors of production such as capital and labour. Second, we have turnover or gross receipt taxes, which correspond to the volume of total revenues a business has irrespective of that business's purchases…
·Pakistan
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LO's chief economist raises weakly substantiated objections to the tax experiment. More knowledge is needed to make employment policy and the tax system the best possible.
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Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
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