Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here�s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.

 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate


On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.


RSS 2.0

Lowering tax can be an export industry

By John McRobert - posted Thursday, 1 March 2012

It amazes me that Hong Kong, a barren island with a half decent tax system, can out-perform resource rich Australia in its economy.

It amazes me that Singapore, another island state with no natural resources other than a fine harbour, has been so successful.

It amazes me that the Cayman Islands, a barren coral atoll in the Bahamas, has a huge banking industry with 100 Australian expatriates working there. Among its various customers seeking a tax haven it administrates no less than 5 accounts for the egregiously named Australia's Futures Fund, set up with money stolen by the Australian government from the taxpayer-owned Telstra and sold back to some of them and others to fund the unfunded Public Service Superannuation. These accounts were set up to minimise the tax paid by this fund. A son of a friend is there. This is first-hand information.


It amazes me that there are over 2 million Australians, educated here at huge expense, are living and working overseas to advance their lifestyle. My son and his ladyfriend have established their home in Ireland for the past 15 years after going through their tertiary education in Australia.

It amazes me that the Australian tax system is so inimical to encouraging people to work, that so few work to support so many. I analysed this in my book Your Future in Your Hands. The graphic 'The Big Picture' is now out of date as is clearly obvious from the population figures used (for 1995), but the pattern remains.

With a decent tax system, this country could be a continent sized tax haven. The only decent and fair-field-with-no-favours tax system is a simple spending tax at 2% of each exchange of ownership of goods, services, property and labour to replace 9 major profit-based and punitive taxes. Easily implemented and easily accommodated.

  1. Pages:
  2. Page 1
  3. All

Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

5 posts so far.

Share this:
reddit this reddit thisbookmark with Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

John McRobert BE (Civ) is the Managing Director of CopyRight Publishing. He is the author of A Diet of 2%.

Other articles by this Author

All articles by John McRobert

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Photo of John McRobert
Article Tools
Comment 5 comments
Print Printable version
Subscribe Subscribe
Email Email a friend

About Us Search Discuss Feedback Legals Privacy