I agree and IMO this is how Aussie workers can pay less tax 7 at the same time allow the government to pay down debt & retail decent social services. (a) 30% death duties (+$40 billion P/A) NB this tax only impacts inheritors; not a tax on earnings & over time reduces the wealth gap# (b) A flat 10% corporate on Multinationals revenue (+$30 billion/year) (c) lift the tax free PAYE floor from $18K to $40K (-$36 billion)
Net effect +$34 billion p/a (pay down debt in 30 years.
# Japan France, UK , South Korea & the USA have death duties all 40% or higher
