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Easytax resurrected – A look at One Nation’s economic and taxation policies

March 19, 2017

Easytax resurrected – A look at One Nation’s economic and taxation policies

The Australia Institute (8 March 2017). Pauline Hanson’s February 2017 announcement that One Nation will again campaign for a flat-rate 2 per cent turnover tax takes her back to a policy position she first adopted nearly two decades ago. Initial analysis suggests that a shift from the current taxation mix to a 2 per cent turn over tax as proposed by Senator Hanson would produce a catastrophic reduction in government revenue of some $232 billion or 13.3 per cent of GDP.

The consequence would be massive cuts in government spending which would have to include health, pensions and most other categories of expenditure. A turnover tax is likely to hit lower income groups much more than higher income groups. Australia’s “battlers” would feel the brunt of One Nation’s tax policies most heavily.