Taxes

Day 652, 13:34 Published in Peru Belgium by tatters
http://erepublikperu.foroactivo.com/lobby-del-congreso-f35/tax-system-t599.htm?sid=0e5ecf37106f308fb97660ecc0c9faf8

in this topic Minister of Economy - Gilroy from Partido de Excelencia Peruana presented tax reform project.We were willing to discuss it but unfortunately forum administration don't want to or can't grant our congressmen access to congressional forum. So in this article we will try to present flaws in proposed tax system and show our own.
First of all let's take a close look on taxes in foreign countries with high iron


income tax import tax VAT
Greece 10% 20-30%(manu) 5%
Brazil 10% 75-99% 1%
Russia 5% 40-99% 1%
Indonesia 10% 99% 1%
Hungary 5-15% 50-99% 5%

As you can see all of these countries have lower vat than income tax. Main reason of this policy is that with high VAT comes black market. VAT is very easy to bypass. Doing same thing with income tax takes too much time and majority of people is simply too lazy for that. Thats the main reason why we should have higher income tax than VAT.


Our proposal of taxes:

income tax import tax VAT
weapon/gifts/tickets 12% 50% 1%
food 12% 50% 3%
oil/diamonds 12% 1% -
grain/wood/iron 12% 50% -

12% income tax will give constant revenue and won't be inconvenient for regular worker.
Low Vat will increase demand on Peruwian products by lowering their cost. This will increase consumption, revenue and enhance economy.

Please, all interested state your opinnion in comments 😉 and forum administration, please grant our congressmen access to forum. 😉