Turnbull’s Latest Tax Plan another Gift for Labor
Why settle for one tax when you can have two for twice the price?
That’s the latest thought bubble from the nation’s millionaire Prime Minister Malcolm Turnbull who wants Australians to not just pay a Federal Government imposed income tax on your annual earnings, but a State imposed income tax too!
It sounds like a “great big new tax” and it is! But this time your local State government will ask you to stump up the cash, ostensibly to pay for those luxuries you leaners have come to expect like a basic education and affordable healthcare.
After much ado over whether to increase the GST (or not), or to hike taxes on booze and fags (or not), or clamp down on the nation’s top 20 corporate tax evaders and get them to pay their fair share of tax (heaven forbid), the Federal Government, or at least Malcolm Turnbull, has decided that this whole “taxation reform thing” is simply too much hard work, so he’s offloading it to the States to take care of. And frankly who can blame him when he has Scott Morrison as Treasurer.
Talking to reporters earlier today, Mr Morrison said:
“You don’t go to the tax supermarket and take every tax off the shelf and put it up as a way of managing the economy.”
No one quite knew what he was on about, but there’s nothing new about that.
Unveiling the new “great big new tax on everything” today, PM Turnbull said that the new initiative was about giving the States more “autonomy” about their income and expenditure, which presumably, is a “good thing” and/or a basic admission that the Federal Government hasn’t got a fucking clue.
The idea of introducing another income tax is likely to be a “hard sell” amongst voters (putting it mildly), and economists have been quick to react to Mr Turnbull’s proposal.
CPA Australia boss Alex Malley was stunned by the proposal, saying it will create “enormous dysfunction” in Australia.
“It will create more red tape, more taxes, everything this government says it doesn’t stand for,” Mr Malley told The Gutter Trash on Wednesday.
“We are struggling to find how this is a sustainable model for the future,” he said.
“Retrograde and Flawed”
The Tax Institute described it as a “retrograde and flawed” concept.
The institute’s president Arthur Athanasiou said government time and resources would be “far better spent on reforming the present tax system.”
However the editorial team at The Gutter Trash think it’s a great idea and wholeheartedly encourage Mr Turnbull to take it to the Australian people as an official government policy in the lead up to the next election.