Australias Capitalism

Australian capatalism On the 13th August 1998, the Prime Minister, The Hon fantasy Howard MP held a press conference at fan tan House to launch the Federal Governments tax tax scheme for Australias future. The plan incorporates significant historic changes to the Australian tax revenue system, which are to be guided by five fall upon tenets. The key principle of the Federal Governments tax reform aim that is creating speculation and delve is the introduction of the Goods and Services task, commonly cognize as GST. This inspiration tax has come under anxious public and policy-making scrutiny and questions have been raised as to the economic pallor of this proposal. According to Macionis and Plummer (1997, p.420) capitalist economies produce a higher overall standard of living but in addition generate greater income disparity. The inequity of Australias current economy is clear from the media release issued by the Australian Council of Social Services (ACOSS) 4p m Wednesday 17 March 1999 in response to the taxation statistics that were released the same day.

Michael Raper, chairman of ACOSS stated that the taxation statistics revealed the gross inequalities in the distribution of wealthiness in Australian society today with The top 10% of Australians owning 52% of the nat BIBLIOGRAPHY A Current Affair with Ray Martin Media transcript No. 53, 1998, Tax Reform (online). getable at uniform resource locator: http:/www.taxreform.gov.au/media/tsr053.htm (Accessed 25 March 1999). ACOSS Media wasteweir 1998, Two gazillion living in poverty, (online). Available at universal resource locator: http:/www.acoss.org.au/media/1998/p! overty_facts.htm (Accessed 30 April 1999). ACOSS Media Release 1999, ACOSS EXPOSES RAW NERVE: What the Treasurer giveth in tax cuts he mostly taketh away in GST, (online). Available at URL: http:/www.acoss.org.au/media/1999/mr990215.htm (Accessed 30 April 1999). ACOSS Media Release 1999, GST: a million worse compartmentalize now, another million worse off late, (online). Available at URL:...If you want to tucker out a full essay, order it on our website: OrderCustomPaper.com

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