"First, we urge the government to implement supply-side reforms - particularly reform of the tax system, measures to encourage private sector investment in infrastructure and introducing more flexible employment laws to facilitate businesses' ability to react swiftly to volatile conditions, " he said.
The Tax Reform Act of 1986 was a massive reboot of the income tax system.
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Expected negotiations next year on a broader reform of the tax system would be "revenue neutral, " meaning the changes would result in no increase or decrease of overall tax revenue, Carney said.
Orszag made an opening statement in which he praised the work of the budget committees and announced a new tax-reform commission that would recommend ideas for overhauling the system by the end of this year a bit of news that would help distract from the emerging story line of Democratic disunity.
It plans to reform part of the tax system in isolation, when it should be thinking about the system as a whole.
In place of the old taxes, the reform calls for a new consumption-based tax system, largely via expanding and slightly increasing the state sales tax.
Finalize proposals for tax and social security system reform before the end of FY 2011, including raising the consumption tax rate to 17 percent and basic pension benefits of 70, 000 yen per month for all persons 65 years and older.
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The President believes that when we talk about tax reform, that's one of the things that we need to fix so that the tax system is more fair.
An extraordinary 88 percent endorsed a bipartisan agreement that would put all possibilities on the table including tax and entitlement reform with the goal of generating a pro-growth, free market economic system that creates new jobs.
We can take several immediate steps to reform our archaic tax system and give Americans back the fruits of their labor.
Conservative Republicans have long championed the privatisation of Social Security and a wholesale reform of America's tax system.
More work is needed on the reform options which must include a fair and effective system of council tax benefit.
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Ministers are scrapping the council tax benefit system from April as part of welfare reform legislation.
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It is certainly important to cope with immediate problems, but I want to see more fiscal reform - making the central government smaller, improving the accounts of local governments, reforming the tax system.
First, he demonstrates a complete lack of familiarity with the flat tax and seemingly assumes that tax reform simply means imposing one rate on the current system.
On the issue of taxes, corporate taxes, the President has made clear that he believes we need to reform our corporate tax system.
But in between came the defeat by the unions of Christian Sautter, Mr Strauss-Kahn's successor, in his attempt to reform a tax system which has different institutions for assessment and collection and is therefore both inefficient and costly.
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