Yet another commentator exposes Australian Prime Minister Tony Abbott’s kindergarten-level understanding of demographics, economics and the national tax system……
Microbusiness 22 August 2014:
Tony Abbott has spoken-out against Treasury Secretary, Martin Parkinson’s, claim last night that the Government had failed to sell the case for tax reform, noting instead the following:
“I’ve been saying on many occasions that tax reform starts with scrapping the carbon tax and scrapping the mining tax. It certainly doesn’t end there and that’s why we’ve got a white paper on tax that we will be publishing towards the end of next year.”
No, Prime Minister. Tax reform involves broadening the tax base and replacing inefficient taxes with more efficient ones. The scrapping of the carbon and mining taxes do neither and will push the tax burden further onto Australia’s diminishing pool of workers – hardly a sensible approach given the ageing of the population (not to mention adverse impacts on the environment).
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