Recent government initiatives in tackling the underground economy in Australia

Bajada, C

Recent government initiatives in tackling the underground economy in Australia

Bajada, C

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Publisher:: Ashgate
Publication Type:: Chapter
Citation:: Size, Causes and Consequences of the Underground Economy, 2005, 1st, pp. 243 - 274
Issue Date:: 2005-01

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Field	Value	Language
dc.contributor.author	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.contributor.editor	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.contributor.editor	Schneider, F	en_US
dc.date.issued	2005-01	en_US
dc.identifier.citation	Size, Causes and Consequences of the Underground Economy, 2005, 1st, pp. 243 - 274	en_US
dc.identifier.isbn	0754642488	en_US
dc.identifier.uri	http://hdl.handle.net/10453/17528
dc.description.abstract	In July 2000, Australia undertook a major step in reforming its tax system by introducing a Goods and Services Tax (GST). This tax replaced part of the governments revenue from its indirect tax with an across the board tax on most goods and services. The GST is a broad based tax set at 10 percent of sales or supplies and borne by the end consumer. So although the GST is paid at each step of the supply chain, each business registered for the GST is able to claim an input tax credit, implying that the GST flows along this supply chain until it reaches the end consumer who is not entitled to claim an input tax credit on purchases.	en_US
dc.publisher	Ashgate	en_US
dc.relation.ispartof	Size, Causes and Consequences of the Underground Economy	en_US
dc.title	Recent government initiatives in tackling the underground economy in Australia	en_US
dc.type	Chapter
utslib.location	United Kingdom	en_US
utslib.for	140215 Public Economics- Taxation and Revenue	en_US
utslib.for	1402 Applied Economics	en_US
utslib.citation.edition	1st	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.edition	1st	en_US
pubs.place-of-publication	United Kingdom	en_US

Abstract:

In July 2000, Australia undertook a major step in reforming its tax system by introducing a Goods and Services Tax (GST). This tax replaced part of the governments revenue from its indirect tax with an across the board tax on most goods and services. The GST is a broad based tax set at 10 percent of sales or supplies and borne by the end consumer. So although the GST is paid at each step of the supply chain, each business registered for the GST is able to claim an input tax credit, implying that the GST flows along this supply chain until it reaches the end consumer who is not entitled to claim an input tax credit on purchases.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/17528