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An Australian tax prospective 2014 : Comments
By Don Nicol, published 10/12/2014An ordinary bloke's take on the taxation problems facing Australia and while less may equal more.
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And a problem further compounded by the destiny of demography, which needs to be faced head on!
The ubiquitous and cascading GST was introduced to make up for successfully avoided corporate tax!
Little wonder some referred to it as the Sheriff of Nottingham's tax.
And we always pay for any increased complexity, with bigger government.
If we could but relieve ourselves of the burden of state governments, we would save the taxpayer around 70 annual billions; and without sacrificing a single service!
Which would cost as much as 30% less, by much more regional autonomy and direct funding.
With one single exception we are the most over governed nation on earth, and are forced to pay through the nose for everything due to that!
Even so, there is a huge infrastructure deficit, that adds exponentially to everyone's costs!
There is only one way to fix this broken system, and that is to throw it out with the other garbage.
Replacing all that convoluted complexity, with a far less costly to all current taxpayers; single stand alone, unavoidable expenditure tax; which could be set at 18% initially, and progressively reduced to just 5%; as the avoiders, [all of them,] were caught once again in the tax net; relieving the common burden on the rest of us!
5% being 2% less than current 7% tax compliance costs, which would then became entirely unnecessary along with other regressive taxes, i.e., fuel excise, payroll tax and the GST, all collected as entirely unessential states taxes/funding paradigms!
I'm tired of this endless debate/obdurate obfuscation, which simply enables the actual avoidance of long overdue reform; the real intent of the article or the author?
Remember, there is a lot of very powerful vested interest in the current status quo; and or, little on no appetite for REAL reform!
Rhrosty.