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Cars will
have the GST but cars worth more than sixty thousand dollars will have
a twenty five percent luxury tax. Vehicle registration will be f! ree
and public transport will have a part GST on it which will be less than
the standard ten percent. If the GST becomes a reality it will
certainly have a big impact on society, whether it be for the better or
for the worse...
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It is an indirect tax as it taxes expenditure. It is possible
to see the effect on both macro-economic variables and individual
families. Although it will be different to Australia^s proposed GST it
may give us an idea of the impact of the GST if it is passed by the
Senate or in future elections...
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