Introduction
Last week I started a discussion on the notion of tax fairness and equity, which I indicated is an essential feature for all well-functioning tax systems and thus tax reform in Guyana. More specifically, I argued that, in regard to tax regimes, fairness and equity simultaneously embody notions of sameness (or pre-tax equalities) and difference (or pre-tax inequalities). Sameness requires that taxpayers in similar economic circumstances (that is, having the same taxable income and wealth) should