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Fri 09 Sep 2009Tax take remains low, especially for lower earners

ECONOMICS:A broad tax base with few exemptions is generally believed to be the best way to raise revenue, writes KARL WHELAN

LIKE MOST economists, I think it’s a good idea to have an exercise like the Commission on Taxation every so often. While the media tends to focus on our disagreements, most economists agree on the basic principles that define a good tax system. A broad tax base, with few exemptions, combined with low tax rates is generally believed to be the best way to raise revenue while doing the least damage to economic activity.

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