We favour a single, simple flat-rate tax system of 35% which we believe will minimise bureaucracy, encourage entrepreneurship and make it fairer for all. No tax will be payable for those who earn under $35,000.
We propose the implementation of a new system called Tax Tagging whereby;
Technically this would not be difficult to implement. Neither is it something which would be particularly expensive to set up. The Taxation Office in Australia has grown arrogant. If a business is a day late with their BAS payment they're hit with a fine. If you need to call and ask them a question, you're put on hold for 40 minutes. It's about time the ATO was as accountable to the people of Australia as they expect us to be to them.
There are a few important things that need to be said about small business in Australia. The first one is the name itself. I hate being called a small businessman. It's inaccurate and offensive. There is nothing small about the ambition I have for my business or the level of professionalism we extend to our customers. No businessperson starts his or her business through small thinking. Anyone who starts or runs a business in this country today knows how hard it is to make that business successful. The term "small" has been imposed on us by bureaucracy and I for one don't accept it. I prefer to think of myself as an Independent Business. What do you think? Comment below and enter the pole.
Another one is whether we continue to have an independent business sector in this country at all or whether we farm the entire skill-set out to other countries where the labour is cheaper. As I see it, labour in other countries is getting more expensive by the day and within a few short decades, when you take into consideration increases in fuel and other costs, having an item make in China will be on par with having it made locally. The only thing is, we will have forgotten how to make it because our local industry died at the hands of globalisation. Local independent businesses are the fabric of our community. Without them we'll all end up working for multinational corporations owned by overseas interests.
Just so you know, this blog is a SUMMARY ONLY of the ideas we stand for. Vision for Australia (currently) has limited resources to research and write about the many topics it believes are important to the future of Australia. If you believe a particular subject is of importance to the future of Australia and you’d be interested in making a contribution, we’d welcome hearing from you. We welcome your comments here on our blog and our Facebook Page. You can email us directly here.
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