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The Forum > Article Comments > No to increasing the GST > Comments

No to increasing the GST : Comments

By Mikayla Novak, published 3/11/2014

Reform of the Australian federation should not serve as the stalking horse for worsening our already uncompetitive taxation burdens.

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It's not all that often you come across a rational and well researched article on tax, but this is one of those times.
Given a structural deficit only able to worsen, there is a compelling argument for real reform and massive simplification in this area, YESTERDAY!
Given one can't be half pregnant, there needs to finally be some rationality applied to the funding models of both health and education, if only to eliminate huge wastage and double dipping by management admin fee deducting officialdom, from scarce finite funds!?
For mine, the most logical approach would be a direct (rationalized pro rata) funding model and total local autonomy, to completely eliminate entirely unnecessary fee charging bureaucracy altogether; saving at least 30%, which could then be directed at the coal face and vastly superior education/public health outcomes.
With that done, any argument to continue collecting a GST for the states becomes null and void!
The GST, to state the blindingly obvious, is the principle or only reason, we can't get any real movement on real tax reform, which if intelligently constructed; will #1, finally and actually remove the ability of massive multinationals/anyone to avoid a fair tax share.
#2 Remove the need to also pay tax compliance, thereby reducing the average (local) business burden by around 7%, which is what is currently ripped from the average bottom line by tax compliance costs.
And arguably more than an unavoidable broad based, stand alone tax, would need to be!
A stand alone unavoidable expenditure tax of around 18% initially and progressively reduced; (5%?) is arguably the only tax collection needed!
Particularly, if we finally end all the double dipping and entirely unnecessary bureaucratic involvement/admin fees!
We are with one single exception the most over governed country in the world, and should no longer put up with self serving, mug manipulating pollies, simply protecting their patch or position.
N.B. Tony!
Place the incumbent at the bottom of the ballot; for several subsequent elections to remove the only current impediments to real tax reform and the consequent lowest REAL TAX BURDEN in the western world!?
Rhrosty.
Posted by Rhrosty, Monday, 3 November 2014 8:32:24 AM
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At the rate the Yanks are taking over our country, soon we won't have to answer questions like this

Yeah, the Yanks will sort us out and probably keep our taxes just like the Israelis do to the Palestinians.

The Yanks will decide which war Australia will enter next, who will be our Governor General, which minerals Australia will sell, and how we must vote at the U.N. and at our next Federal Election.

GST? The Yanks have all the answers even if they are stony broke!
Posted by David G, Monday, 3 November 2014 8:43:53 AM
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Get rid if the GST and have a small turnover tax on all transactions with no excuses. Then you get almost everyone.

The other solution is Govt Banks that can create new money debt free for infrastructure.
Posted by Arjay, Monday, 3 November 2014 8:45:23 AM
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So Arjay:

How do you plan to implement your turnover tax? Will you abolish cash and mandate electronic transactions only? If you do abolish AUD cash how do you stop people using other currencies (either fiat eg. $US or cryptos eg. bitcoin)?

Regards your other solution-- how does a Government issue debt free money in the modern age?
Posted by thinkabit, Monday, 3 November 2014 9:31:27 AM
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thinkabit the biggest tax evaders are the big corporates and not the cash economy. The derivative ,currency transactions and share market turn over $ 137 trillion pa in Aust. That's right trillions to 91 times our GDP.

We used to have the Commonwealth and 4 state Govt banks but sold them off and now need more taxes to pay private banks who just create money from nothing. Usually their leverage is 10:1 .Now it is 70:1
Posted by Arjay, Monday, 3 November 2014 11:07:21 AM
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Where'd you yank that one from Dave? Doubleday's dam Yankapedia?
Rhrosty.
Posted by Rhrosty, Monday, 3 November 2014 11:30:00 AM
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