Niaroo, speculators are part of the market force, a decent percentage of the inflated price is speculation.
GST is charged on the retail price which includes the excise--- a bone of contention which the Howard and now Rudd government refuse to address.
Price may look like this:
wholesale price 50c
retail margin 5c
govt excise 45c
total: 100c
GST 10% 10c
Price at pump 110c
Obviously, the higher the excise (which is levied as a percentage), the higher the cost of petrol, and therefore the higher the GST
A tax on a tax.
- Forums
- Political Debate
- rudd says he hears petrol message
rudd says he hears petrol message, page-11
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)