Firstly we will replace the narrow based Goods & Services Tax (GST) with a Financial Transaction Tax (FTT) which has a far wider tax base and thus can be set at a low rate. No GST: that means more money in taxpayers’ pockets.
Secondly the use of near interest free loans from the Reserve Bank will relieve the debt servicing costs currently paid by Government and thus reduce the ever increasing pressure on our tax dollars. Without the need to pay interest on loans, it will cost less to do more.
