Editor,What is required is to get rid of the blanket tax system. Tax should only be payable on profits. Taxes need to be fair and remember not everybody who is engaged in business makes a profit. Why pay taxes for a loss making business? Please get rid of the blanket tax system and introduce tax on profits. Be careful also of exemptions as this may kill the drive of some businesses to expand and prosper.Didace, UK(Reaction to the story, ‘More tax cuts for small businesses’, The New Times, October 10)
