Introduction
So serious are the defects in our tax regime I do not believe that Guyanese will be fobbed with anaemic or banal recommendations from the Tax Reform Committee. In the two preceding columns, I treated with eight of the nine analytical constructs, which underlie all tax regimes: (tax giveaways; tax level and structure; tax buoyancy and elasticity; tax volatility; tax stability; taxation and economic efficiency; tax burden; and, the cost of taxation). This week I will consider the ninth and most contentious ― taxation and fairness or equity. Before I address this however,
