The package of tax measures recently signed into law and published in the Official Gazette was characterized by a lack of any fiscal and economic vision. It does not proceed from a well-designed tax policy addressing the various gaps and imbalances that characterize our fragmented and complicated set of taxes. As we all know, our tax system relies heavily on indirect taxes. Many sources of income are untapped, and there is no single overall income tax rate for individuals, as we are still living under the old-fashioned French “cedular” system of income tax, whereby each source of revenue is assessed and taxed separately with different rates. In fact, one of the most urgent tax reforms should have been to replace this old fragmented income tax system with a unified single rate applying by tranches to the total of all combined revenues for each individual. This is a system that could
