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Essay

Australian GST

Essay specific features

 

Issue:

Business

 

Written by:

Mark B

 

Date added:

September 13, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1086

 

Was viewed:

4647 times

 

Rating of current essay:

 
Essay content:

The VAT (Value Added Tax) of the United Kingdom is much the same tax adding seventeen and a half percent to all goods and services (although there are exceptions). This tax is currently in operation in the UK. Differences between the proposed GST and VAT are not great but there are some significant differences...
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Daily consumables and services will rise as a result of the GST. The government is promising to balance the tax by creating household savings through lower marginal tax rates. The question is, will this be sufficient compensation? It probably will not be. The ^Aussie battler^ will not be favoured with the GST, as the current compensation being offered is simply not sufficient...
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