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systems are coming under increasing scrutiny in Western countries. Because
governments do not like simple rules and transparency, they are most likely to
support measures imposing more progressivity, including substantial levies on
wealth, or adding value-added taxes on top of personal income taxes. But the
simplest and fairest proposals would focus taxation on one activity –
consumption – while keeping social solidarity on the expenditure side.
Professor Enrico Colombatto
Dr. Emmanuel Martin
Ghana’s independence in 1957, its governments steadily reformed the country’s
tax regime in the hope of spurring growth by developing an industrial base and
an effective, sustainable system of financing social programs. Not all the
schemes have worked as desired, but today Ghana is among Africa’s most stable
and economically diversified states.
The European Commission put itself on a shaky legal ground when it
resorted to unfair competition charges to frame its attack against a tax deal
between Ireland and Apple Inc. Disturbingly, the commission also has resorted to
blatantly populist rhetoric to justify its action against a profitable company.
Prince Michael of Liechtenstein
Communist China had no individual income tax before 1980 because personal earnings were so small. Today, in an era of high economic growth, its tax system is comparable with those in developed economies. But reform is inevitable - individual income tax comprised only 5.8 per cent of total revenue in 2012. Beijing must decide how to apply taxes not only to individua...