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Posted: 26 November 2009

Countries that offered easy business enablement- less red tape, Government incentives, access to skills, cheap and fast communication, stable electricity supply, open and fair society etc would attract new business investment ahead of others. Trade and investment decisions would no longer be driven by tax arbitrage. Honesty would become a new attribute of business and society!

VAT replaces income tax as financial crisis looms
Dateline: 20 Oct 2015
After a surprisingly rapid debate at the recent G22 Summit in Shanghai, member states unanimously supported a proposal to eliminate all personal income tax from 2018. A higher consumption tax, or VAT, will replace income tax. Ever since the Credit Crunch of 2008, governments have struggled to fund ballooning stimulus packages. Initially, income and special punitive taxes were raised in ...
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