Why the tax cuts are a one way gamble
In a world where expenditure by the government is directly linked to tax revenue, any shortfall on the tax side will show up on the expenditure side as well. Despite the fall of 8% in the effective tax rate, the Budget has estimated direct tax collection to go up by 14%
In a world where expenditure by the government is directly linked to tax revenue, any shortfall on the tax side will show up on the expenditure side as well. Despite the fall of 8% in the effective tax rate, the Budget has estimated direct tax collection to go up by 14%
What's Your Reaction?
