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A tax system that needs to be clearer
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Trying to make our excessively complicated tax system easier to
understand is a noble and no doubt worthwhile cause. Certainly tax
experts everywhere gave a broad welcome to yesterday's report on
simplifying the legislation. Complex language and rules put an
excessive burden on personal and corporate tax payers alike.
However, although the project is undoubtedly far-ranging - it
involves more than 40 people spending five years on a complete
rewrite of the legislation - it is difficult ...