Our public officials tell us revenue is the problem so we need a Value Added Tax (VAT).
Seems they might have some difficulty reading their own numbers?
Spending looks like the problem to me, so heaven knows what form(s) of taxation will follow the failure of VAT.
Do you have any ideas?
By the way, these numbers are as at 2012 and the National Debt is now over $5.2 Billion, excluding contingent liabilities.