Release: Inefficient taxes hit Aussies when they are down

Release: Inefficient taxes hit Aussies when they are down

The Australian Taxpayers’ Alliance, the nation’s largest grassroots advocacy group representing all taxpayers, today supports the federation’s inquiry into structurally reforming the tax code. 

“When issuing taxes, the government must take into account the cost of those taxes on the economy. By issuing inefficient taxes, the Government takes money from the Australian taxpayer twice,” says ATA Communications Manager, Emilie Dye. “First, the ATO hits Australian taxpayers. Then lost jobs and high priced goods finish beating them to a pulp.”

“The NSW Productivity Commission noted that the stamp duty costs the economy $2.35 for one very expensive dollar in tax revenue. The government sure knows how to strike a deal.

“Through the federation’s tax reform proposal, NSW Treasurer Dominic Perrottet and Premier Gladys Berejiklian are attempting to put more taxing power in the hands of the states instead of relying so heavily on the federal government, a move that will help Australians in every state.

“By allowing states to do the bulk of the taxing the government creates a competitive market between states. Australians who aspire to be well kept government pets can move to a state with high taxes; Australians who want to be left alone can move to a state with low taxes. 

“By taking power away from the federal government and returning it to the states, Australia forces states to compete for taxpayers, consumers, and industries. In this kind of market the Australian people come out on top.”