If the Australian Government wanted more tax revenue, it could adjust the tax rates for income tax
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Question:
If the Australian Government wanted more tax revenue, it could adjust the tax rates for income tax or it could increase the GST from 10% to a higher rate.
Which would be preferable?
Your answer should consider efficiency and cost of collections as well as fairness between rich and poor. You should include examples to illustrate your answer and refer to relevant legislation and cases.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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