How would you improve the Australian tax system?, page-100

This was suggested by an engineer some thirty odd years ago, and to memory, company tax was also to go, in his recommendation. Wasn't it only necessary to have a rate of .02% tax on all transactions, and I can't remember whether it was .01 for the debit and the credit, or just .02 on the credit.

I wouldn't mind seeing his actual calculations again, and maybe updated to today.