[LINK] One Nation's e-tax

[Chirgwin, Richard]

Bernard,

It's not enough to say it's wrong, we have to show why it's wrong...
<advocate=devil>
We already have a debits tax; this merely adjusts the rate. 
Banks already remit and account for the debit tax, so there's no new
compliance burden.
Other sectors will reap an indirect benefit by having their tax compliance
costs dramatically reduced.
</advocate>

Yes, it's the "simple, straightforward and wrong" thing. But we need more
than aphorisms to debate it. Especially since so much of the arguments in
favour of an e-tax can be photocopied out of the arguments in favour of a
GST.

So: what's wrong with an e-tax?
Richard Chirgwin

-----Original Message-----
From: Bernard Robertson-Dunn [mailto:brd@austarmetro.com.au]
Sent: Thursday, 1 November 2001 10:46
To: Link
Subject: [LINK] One Nation's e-tax


One Nation has had an idea, the "Electronic Transfer Tax - e-tax", an
example of that old adage "For every complex problem there is always at
least one solution that is simple, easy and wrong"

<http://www.onenation.com.au/masterframe.htm>

-- 
In Italy for thirty years under the Borgias they had warfare, terror,
murder, bloodshed - they produced Michelangelo, Leonardo da Vinci and the
Renaissance. In Switzerland they had brotherly love, five hundred years of
democracy and peace and what did that produce...? The cuckoo clock.
-- The Third Man (1949 film); words added by Orson Welles to Graham
Greene's script

Regards
brd

Bernard Robertson-Dunn
Sydney Australia
brd@austarmetro.com.au