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Cashless Australia. I'm alarmed, page-32

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gmcg

4,837 Posts.

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31/03/23

10:20

Post #: 67061586
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Originally posted by sunny coast: ↑

What's a mere $50B a year (2019) between friends?...

.. bring it on ...

The black economy is estimated at A$50 billion or 3 per cent of Australia's GDP.

CA ANZ Senior Tax Advocate Susan Franks says participating in the black economy creates unfair competition and reduces tax collections which then inhibits governments from funding needed social and economic infrastructure.

https://www.charteredaccountantsanz...ckdown-on-australias-50-billion-black-economy

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Imagine that, a senior tax advocate claiming the peasants aren't being fair......Hahah
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