Tax reforms to boost economy and fairness, but equity remains elusive
The chapter discusses the best ways to design taxes, focusing on objectives like easy administration, minimizing economic losses, promoting growth, maintaining flexibility, and fairness. It emphasizes that taxes should be easy for both the government to collect and for taxpayers to understand and pay. Reforms to make taxes fairer can actually create new inequalities. Achieving fairness in taxes is just as challenging as in any other area.