A Big No No

Finance Minister Gibson came out with a clear statement yesterday about flat rate and indirect taxes. That’s a big non-no, he said, and it won’t happen on my watch, because that approach only benefits the rich.

It is good to take note of this statement, because several political parties have made tax proposals  part of their manifesto and they present these plans without explaining what their effect on the people will be.

On the other hand, given the fact that tax reform is a process for the long haul, similar to constitutional reform, voters should not be too concerned that any of these tentative proposals will become a reality any time soon.

But the diverging opinions about these issues must make people wonder whether the parties that came up with these ideas know what they are talking about.