Critique of the Debits Tax and Turnover Tax

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By Gavin R. Putland It has been claimed that all Federal taxes, which together amount to more than 25 percent of GDP, could be replaced by a 2 percent turnover tax. How so? Because the low tax rate would be applied many times on the way to the consumer, so that the final price would […]

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Fairfax Spin on Land Tax

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Spin: The venerable D&J Evans Hardware store was unable to pay its $120,000 land tax bill. So it would be forced to close and 32 employees would lose their jobs [Russell Skelton, “Soaring Land Tax Costs Jobs, Investment”, Sunday Age, Nov.21, 2004]. Reality: The big news was buried in a subordinate clause further down the […]

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https://prosper.org.au/page/116/