[LINK] One Nation's e-tax
Dr. Bob Jansen
Fri, 2 Nov 2001 13:16:13 +1100
At 3:14 PM +1100 1/11/01, Bernard Robertson-Dunn wrote:
>"Chirgwin, Richard" wrote:
>> So: what's wrong with an e-tax?
>Like most simple arguments, it's not what is said, but what is not said
>that contains the problem.
>I'll pick on two points from the web page.
>1. "Based on the latest statistics available from the Reserve Bank of
>Australia, in excess of $120 Billion is withdrawn from Australian banks and
>financial institutions every working day. If 1% tax were collected by the
>government through electronic transferring, $1.2 Billion would be generated
>every working day."
>How much of that is money paid to/by the government? Is the government
>allowed to tax itself?
My memory may be playing tricks here, but wasn't something like this
raised and discussed when the GST was being thought about. I seem to
remember a show on the ABC where this was seriously raised as the
alternative to the GST and all its exceptions. Even then, the Gov had
many arguments as to why it couldn't work.
In principal, it seems OK to me, if they remove all other taxes, but
then maybe, as suggested, we'd merely move back to a cash economy.
Dr. Bob Jansen
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