![]() Mr Yakub pointed out that progressive taxation versus flat taxation generates much argument and discussion, and both have their advantages and disadvantages. Gafoor Yakub, ex-International Monetary Fund (IMF) technical advisor and chief executive of two private firms ‒ Penlac and Adam Moosa ‒ said this to Seychelles NATION after he was approached by the newspaper for his thoughts about the overall “fairness” of the new progressive income tax system being proposed. The progressive and flat tax systems may both be considered fair in the sense that they are consistent and apply a rational approach to taxation, but at the same time they may also be called unfair depending on who is benefiting or who is being treated differently. Archive -Seychelles The Progressive Income Tax debate goes on…. ![]()
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