United Future Tax Principles
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- The progressive income tax system (supplemented by indirect taxation) should be reviewed to ensure taxes are as low as possible for all taxpayers, to encourage enterprise while upholding the core responsibilities of central government.
- The tax system should work in the interests of those raising families
- Taxes should be set at levels that encourage re-investment in business.
- Taxes raised for specific purposes should be used for those purposes
- The tax system should empower family and community self-sufficiency rather than creating dependency.
- Tax rates should be competitive with those of our major trading partners.
- The tax system should be simple and minimise compliance costs.
- The tax system should be just and equitable.
- The selective use of the tax system to incentivise or discourage behaviour should only occur where it can be demonstrated that there is no better alternative, the benefits are shared by all taxpayers and not just those directly affected, and the benefits of the measure are not outweighed by the costs of providing it.
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