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One of general criticisms of the current tax system is that it is not sufficiently equitable because taxable income is not the best measure of
One of general criticisms of the current tax system is that it is not sufficiently equitable because taxable income is not the best measure of economic well-being. There are a number of other possible avenues for reform of the Australian taxation system with one of the interesting possibilities being the introduction of a wealth tax. Can you think of the advantages and disadvantages of a wealth tax compared to an income tax
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