Proposal 3: Introduce a Minimum Alternative Tax based on Sales

• Existing company tax calculations do not need to change but an alternative calculation will be added so that a minimum tax will be applied. The impact is on internet and offshore companies with a low-cost base in this country.
• A rate will need to be calculated. This should be low enough so as to have little impact on most on-shore companies
• Off-shore companies will pay more taxes than currently
Finally, there is the opportunity to effectively and simply raise the taxes on higher earners:




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