The system needs a "dramatic simplification" that would be revenue neutral, eliminate corporate tax expenditures, lower overall tax rates and make it easier to bring money back from overseas, Mr. Cook said Tuesday.
The annual tax on cars was scrapped: a welcome simplification of the tax system, said Mr Fabius.
One of the main effects of Mr Darling's simplification of the CGT system was the abolition of taper relief.
It added that some of the reforms suggested in the review were already in the pipeline, such as simplification of the benefits system and integrating the operation of National Insurance and income tax.
With the government asking Congress to approve a controversial but much-needed simplification of the tax system, this is the worst possible time for a supposed ally to be confusing matters by proposing yet another layer of taxes.
Thatcher reinforced this essential improvement by a revolutionary simplification of the tax system, reducing a score or more "bands" to two and lowering the top rates from 83% (earned income) and 98% (unearned) to the single band of 40%.
Mr Orban plans a radical overhaul of Hungary's complex tax system, an attack on the black economy, a simplification of the bureaucracy and new laws bringing openness to public procurement.
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When Rubbermaid could not, or would not, rationalize its delivery system to consolidate shipments from different factories, Wal-Mart took simplification into its own hands.
He accomplishes the task by dint of a broad simplification of America's tax code and health-care system.
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And so the question is, is there a way of achieving simplification, but still having some element of progressivity and some element of fairness in the tax system?
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