Critique of the Debits Tax and Turnover Tax

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By Gavin R. Putland It has been claimed that all Federal taxes, which together amount to more than 25 percent of GDP, could be replaced by a 2 percent turnover tax. How so? Because the low tax rate would be applied many times on the way to the consumer, so that the final price would […]

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https://prosper.org.au/2005/11/