Can you imagine a better tax

Andrew — Mon, 16 Apr 2012 07:07:10 +0000

Many Australians would agree that our tax system is unclear, confusing, complex and costly on all fronts. It is in terminal decline, and most importantly it is wasteful of our most precious human resource : TIME
This site is here to promote and inform Australians about a simple and fairer tax system – known under a few names ( Expenditure Tax, 2 % E.T. or 2% Easytax )
How it works
• Replaces 8 complex taxes with one low, visible tax of 2% on all sales
• Invented by 2 Accountants, Mining Engineer and Former Nat Party Senator in the 80′s
• No deductions or exemptions (unlike the GST, meat pie hot GST, cold NO GST)
• Removes complex tax surcharge from employment to maintain the same take-home pay
• Reduces cost of employment to increase demand for labour
• Reduces cost of goods and services to increase purchasing power of take-home dollar
• internet trade is taxed at the same rate as over the counter, a tax for the 21st century
• It is not a debits tax, any money deposited or withdrawn from a bank is not taxed
• Money transferred into or out of Australia is taxed at the same low rate
• A rate of 2% is applied to every monetary exchange in Australia
• all Australians will have greater buying power
• everyone pays, it’s simple, fair and equitable
• workers’ take home pay stays the same
• The broader the base the lower the rate
• 3 year fail safe transition period
• The cost of education, health and government will be reduced due to lower labour costs
• Let’s simplify our existing tax system and remove red tape and the 10,000+ page tax Act
• We need federal treasury to model it on today’s figures because it was proven in the 90′s

Download full (PDF) submission to the Australian Parliament House
2003 Senate Economics References Committee ( link below).

Tax Reform PTY LTD submission 2003 (PDF)

ABetterTax

Can you imagine a better tax