In this world nothing is certain but death and taxes.

Most, if not all, of the developed nations have tax systems and credits that have become so convoluted that tax regulations run to thousands of pages and the administration costs soar as each individual case is calculated.

Most experienced economist would previously have argued that to introduce a single flat rate of income tax would result in financial disaster.

Estonia had an economy that was in meltdown, with inflation running at 1,000 per cent a year and one in three workers unemployed. However through adopting a flat rate tax its economy has flourished into one that is now listed in the top ten of competitive economies and is enjoying considerable foreign investment.

The idea that the rich should pay tax at a higher tax than everyone else is almost 100 years old. It is often argued with modern taxation systems that the rich are able to find loop holes that allow them to pay little, if any tax at all. Estonia tax everyone at the same rate 26 per cent (expected to be cut soon to 23 and then 20).

Would you support a more transparent form of taxation?

Do you think any of the G8 countries will be brave enough to make such a radical change?

If you would like to participate in this survey click on this link A Flat Rate Tax System Anyone?.