Australia is one of the highest taxed countries on the planet. We have the GST, fuel excise, taxes on alcohol and cigarettes, income tax, capital gains tax, fringe benefits tax and soon to be a great big tax on anything that emits carbon or gasses. Even the humble old cow has been attacked.
The majority is payed by the average worker and small business. Large corporations who are now mostly foreign owned avoid paying their share as they have an army of accountants to help them slip through the loopholes.
One Nation calls for a stop to this madness. We say bin the Henry review, which only adds to the complexity of the system and create a new tax system that takes the pressure off the average Australian and puts it back onto big companies and the banks. Make those who are taking the wealth of our country offshore pay their fair share and give relief to low income earners and pensioners.
One Nations Debit tax was adopted over a decade ago after it was first presented to the world by its founder American Accountant and Economist Leonard Crisp. It was vigorously debated in New York back in September 1999 by corporate and academic professionals; it was supported by many large accountancy firms and acclaimed as a very viable tax initiative.
The 21 Century Debit Tax concept, if incorporated would remove all other taxes, levies and duties, simplifying the system and actually increasing government revenue by almost threefold. Administration savings alone would also run into the billions and it has the potential to create enough revenue to fix our aging health infrastructure plus much more.
Australia needs to get off the Liberal/Labor roundabout and look at an alternative to band aid solutions. We need debate and change as the two main parties are more interested in cheap political point scoring than fixing the system. For more information please visit http://www.debittax.com/ or http://www.nswonenation.com.au/tax.pdf
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