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The Goods And Services Tax
Part I of Essay
The Policy Objective of
" This is A New Tax System for a new century", as quoted by the Hon P Costello MP in the second reading speech for ' A New Tax System (Goods and Services Tax ) Bill for 1998. Australia is in need for a change of Taxation systems to ' A Modern, Broad .... Part II of Essay
.... the Real purchasing power of consumers.('Tax Reform.
Not a new tax. A new tax system', from the Regulation Impact
Statement for the Introduction of a Goods and Services Tax).
The Goods and Services Tax is the necessary change that Australia needs for a new tax reform. Australia's current taxation system is complex, unfair and in need of a quick replacement due to it being out-of-date. The current taxation system incurrs both economic and social disadvantages on the country, the community and the businesses.
....
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Words: 1829 - Pages: 7
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