Digitalization of all possible activities,
· Create a unique number at birth for all citizens, and it should be their
o
National Identity Card,
o
Tax Reporting &
o
Social security numbers,
·
Embrace the Open Market economy,
·
Set up a Task Force to educate the masses about
the benefits of the market economy on an urgent basis,
·
The government should only take care of a few
things.
o
The national security,
o
Monetary,
o
Health,
o
Education and
o
Formulation of national standards &
policies,
·
Setting up a big and independent income Tax
office.
o
Independent tax office with sweeping powers,
o
Mandatory for everyone eligible to vote
to submit their income tax return yearly.
o, Recruit capable investigators with analytical
skills.
o
All banks and other financial institutions, land
and motor vehicle registries, stock exchanges, and other such entities where
ill-gotten wealth can be easily hidden should be linked to the income tax
authority.
o
Work out a system where the big tax office can
have access to all the entities above and troll their databases for any
unusual but not reported financial activities, but without being a hindrance to
their own daily activities and or being overly intrusive.
·
Adopt the best available procurement methodology
for all future dealings.
·
Do away with the current import/export licenses
and restrictions.
o
Anyone who can fulfil the national standards
and requirements should be able to import and/or export without any
hindrance.
·
Make it illegal to seek, share and or give any
information unless only on digital request,
· Setting up an independent Currency Board with a unique possibility of lender of last resort provision.
1 comment:
P.A.Y.E this system applicable to all AND based on incomes being quirreled away by those wanting to cheat the Tax Man-Having powers outside Gov heirachy. interference.
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