Monday, March 22, 2010

the "Robin Hood tax"

A customer has sent us this video link on an alternative to GST. We like the idea of taking the tax burden off the productive sector of the economy (small and medium business) and we don't like sales taxes except those on specific things which pay for the the cost of repairing the damage caused by their consumption - petrol, diesel, alcohol, tobacco. On that subject it's interesting to speculate how much revenue the Government would get if it legalised marijuana and taxed it - one thing that's certain is that it wouldn't cause any more of it to be consumed.

There is already a financial transactions tax in some Australian states so it isn't such a radical idea.

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