Text size Follow us on Twitter Find us on Facebook

Easytax resurrected: a look at One Nationís economic and taxation policies

Policy Online carries a link (8.3.17) to an Australia Institute report which examines Senator Hanson's One Nation party's economic policies with reference to the "Easytax" plan of 1998 and its apparent 2017 reincarnation.

'Pauline Hanson's February 2017 announcement that One Nation will again campaign for a flat-rate 2 per cent turnover tax takes her back to a policy position she first adopted nearly two decades ago.Initial analysis suggests that a shift from the current taxation mix to a 2 per cent turn over tax as proposed by Senator Hanson would produce a catastrophic reduction in government revenue of some $232 billion or 13.3 per cent of GDP.

'The consequence would be massive cuts in government spending which would have to include health, pensions and most other categories of expenditure.A turnover tax is likely to hit lower income groups much more than higher income groups. Australia's "battlers" would feel the brunt of One Nation's tax policies most heavily.'

 

Previous : Next

 

© 2017 The T J Ryan Foundation


TJ RYAN FOUNDATION LIMITED ACN: 165152625 ABN: 78 165 152 625 info@tjryanfoundation.org.au
Registered office: SOUTH BRISBANE QLD 4101 Regulator: Australian Securities & Investments Commission