Australia is considering tax reform. Already there are many making demands that are not good for Australia. What is strongly being examined at the moment is a GST of 15%. The promise is that the increased GST, possibly spread to include food and education, could replace inefficient taxes like stamp duties and company income tax. Libertarians oppose an increased tax take, pointing out that Australia has a spending problem, not an income problem. But what the Libertarians wilfully misunderstand is that the current senate is blocking cutting spending. Reform is a way of changing things to improve things. It is possible that there will be a higher tax take. But with an obstructive senate refusing to cut spending, that is what the people have voted for. However, a more efficient tax would increase tax take even if there was a dollar for dollar trade off with inefficient taxes. Stamp duty on conveyancing costs $1.70 for each dollar collected. Company income tax costs $1.50 for each dollar collected. Income tax and GST cost about $1.20 for each dollar collected, while land tax only cost $0.90 for each dollar collected. So by cutting stamp duty and company income tax and increasing GST commensurately, more money would be raised. an extra fifty cents for Stamp Duty and an extra 30 cents for company income tax on average.
Only, when 10% GST was introduced, the same arguments were mounted. The ALP forced a compromise and the states held onto their inefficient taxes too. It isn't a trade off or reform if the bad taxes are retained. The information presented here is from the government white paper compiled while Abbott was PM, and so is reliable.
For some, at the moment, the Sex Party has more credibility.
Jingle bell, jingle bell, jingle bell rock
Jingle bells swing and jingle bells ring
Snowin' and blowin' up bushels of fun
Now the jingle hop has begun
Jingle bell, jingle bell, jingle bell rock
Jingle bells chime in jingle bell time
Dancin' and prancin' in Jingle Bell Square
In the frosty air
What a bright time, it's the right time
To rock the night away
Jingle bell time is a swell time
To go glidin' in a one-horse sleigh
Giddy-up jingle horse, pick up your feet
Jingle around the clock
Mix and a-mingle in the jinglin' feet
That's the jingle bell rock
Jingle bell, jingle bell, jingle bell rock
Jingle bell chime in jingle bell time
Dancin' and prancin' in Jingle Bell Square
In the frosty air
What a bright time, it's the right time
To rock the night away
Jingle bell time is a swell time
To go glidin' in a one-horse sleigh
Giddy-up jingle horse, pick up your feet
Jingle around the clock
Mix and a-mingle in the jinglin' feet
That's the jingle bell
That's the jingle bell
That's the jingle...
David Daniel Ball calls himself the Conservative Voice.
I'm a teacher with three decades experience teaching math to high school kids.I also work with first graders and kids in between first grade and high school. I know the legends of why Hypatia's dad is remembered through his contribution to Math theory. And I know the legend of why followers of Godel had thought he had disproved God's existence.
I'm not a preacher, but I am a Christian who has written over 28 books all of which include some reference to my faith. Twelve blog books on world history and current affairs, detailing world events , births and marriages on each day of the year, organised by month. Twelve books on the background to and history of Bible Quotes. One Bible quote per day for a year. An intro to a science fiction series I'm planning, post apocalyptic cyber punk. An autobiography with short story collections.
I'm known in Australia for my failure as a whistleblower over the negligence death of a school boy. ...
