Fair Taxation System

A simple 1% debit tax on all transactions, collected by the banks, forwarded to Treasury. That’s it!
-Saves the $20B per year the ATO costs us to operate
-viable due to ‘the velocity of money’
-Tax write-off schemers become null and void
-encourages saving
Example: Wage earner on $50k, if they spend all their wages the annual tax paid is $500, if they spent nothing then zero tax (impossible but its the example).
ALL transaction, including big corporate contracts, govt spending, etc, are included.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fair Taxation System
Cast Your Vote
Vote Form
Will you vote for, or against this wish?

Share This Wish

Share on facebook
Share on linkedin
Share on twitter
Share on email

More To Explore

Suv’eran Free man of the land.

It is my most sincere wish, that all Politicians; all BAR members; all senior Public Servants; all armed thugs masquerading as police; all pharmaceutical heads;

Local governance

Loading Governance