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Showing posts with label Fringe Benefit Tax. Show all posts
Showing posts with label Fringe Benefit Tax. Show all posts

Friday, April 19, 2019

Ron Manners: Killing and Stealing: Government Specialties


Over the centuries, governments have only excelled at two things. Killing (mainly by declaring wars) and stealing (mainly by taxation and redistribution).

In Part 1 (Killing) we draw attention to the unintended consequences of a misguided Fringe Benefit Tax introduced into Australia on 1st July 1986.

It was obviously introduced as a way of raising money to cover the unfunded liabilities of the over-generous superannuation and pensions schemes for politicians and public servants.