That is the simplicity and beauty of this e-debit tax.
Even shifting money in a family trust etc would have a very small ticket clipped.
Cash economy would be meaningless because as you say it has to be withdrawn by someone and eventually it's deposited by someone. Every transaction taxed. Nothing can escape.
But the trade off is nearly all other taxes would be eliminated. Especially income tax. It would transform the economy into a powerhouse.
- Forums
- Political Debate
- How would you improve the Australian tax system?
That is the simplicity and beauty of this e-debit tax. Even...
- There are more pages in this discussion • 289 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online