A single tax policy in favor of growth
BRUSSELS: Pakistan can replace all taxes by introducing a flat tax of 10% on personal income, 5% general sales tax (GST), 20% tax on corporate income, 5% customs duties and 3% excise duties. Arguments for a flat tax are made in various ways, with simplicity and efficiency being the two main selling points. These lead to two distinct and complementary paths of tax reform. One focused on the broadest base and lowest possible rate. The second focused on the concept of single taxation based on the principle that income should be taxed only once (fairness and efficiency). Broadening the tax
