PHOTO: 123RF The tax system has to change, because of the changing nature of our economy.
OPINION: The tax system will need to change, because of shifting demographics and changing nature of our economy. Will we bin the current system and change to something radical like a wealth, capital or land tax?
Or something more timid that tweaks the current system to be more sustainable? My bet is on the latter.
There is no perfect tax system, rather a well-functioning one that finds the right balance between collecting taxes but not putting off effort.
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