What is the great so-called difficulty in a Flat tax ? It's got me stumped why we don't have that at least for anyone earning a weekly wage ? Let managers & CEO's make money if they can manage it but not with less tax than the rest of us pays. We always hear of the fairness of the level playing field, well let's have it !

Expand on that individual and you have some thing like I am asking for, As I see it current problems include, the ability of the rich to avoid tax, our inability to get multi nationals to pay tax,a pressing need for more tax revenue to fund our needs,health welfare education a long list.
My job for every one is not a work for the dole scheme, it is a different way of welfare, world wide, a form of aid in the third world, that every one pays and cannot be avoided tax could in part fund those jobs and more

Belly,
I'm with you on everyone paying the same rate of tax. Full stop ! The moment someone gets a reduced company tax etc. it all derails. Workers, bosses, companies all pay the same rate.
Someone suggested a transaction tax a while back, perfect. No getting away from paying tax. And, if everyone pays tax, the tax can be reduced, how much more simple can it get ?
For argument's sake, earn a Dollar, pay 10 cents tax. Spend a Dollar & there's another 10 Cents Tax. No negative gearing, no writing things off. The economy would be stable & better.
Add a national service & Australia could be the best place in the world.

Foxy,

Your reasoning is incoherent. CT reduction passes the value to all shareholders irrespective of whether there is imputation tax through larger dividend payments and the increase in share value.

This benefits overseas investors just as much as super funds. Imagine having up to 5% more to retire with?

Note that South Africa also has share imputation and most countries that don't also have something in place to alleviate the problems with double taxation.

Shadow Minister,

You are not being logical. And once again I see
that we are so far apart in our thinking that
any further discussion with you is truly pointless.
You swallow the Coalition's spin completely. And always
have. I have made the mistake once again, to try debate
the issues with you - I should have known better.

Foxy,

This is not a matter of opinion. Anything that increases the profit of a company both increases the value of the shares and/or the dividend payout both of which benefit the shareholder. Considering that the largest shareholders are super funds, it is retirees that benefit most.

That overseas investors benefit encourages them to invest and create more jobs.

It's a recipe that has been followed by dozens of developed countries.