THE DANGER OF BAD TAX LAWS
Sep 01, 2022
3 minutes
What is bad tax law? It can be defined by two simple characteristics.
1. It will create different tax outcomes between different sectors and different taxpayers who are ostensibly doing the same thing. This creates winners and losers.
2. It is designed to engineer a social outcome rather than gather revenue fairly and equitably.
A case in point is the government's law that removes the deductibility of interest on existing stock residential investments.
This law was unashamedly enacted
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