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The Goods And Services Tax
Beginning of essay
The Policy Objective of
" This is A New Tax System for a new century", as quoted by the Hon P Costello MP in the second reading speech for ' A New Tax System (Goods and Services Tax ) Bill for 1998. Australia is in need for a change of Taxation systems to ' A Modern, Broad Based, Low Rate, Goods a ....
Middle of essay
....trolled rate levied at 10 percent.As part of the Commonwealth-State agreement this rate will be 'locked in' and the only possibility of changing the rate is upon a unanimous vote for change and a new rate specified, to be decided upon by all State Governments.(' A New Tax System (Goods and Services Tax ) Bill for 1998)
Background of the Goods and Services Tax
The Goods and Services Tax is considered to be a Value Added Tax, to which is a form of broadly based consumption.... |
| Number of words: 1829 |
Approximate pages: 7 |
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