Indirect taxes on specific goods and services can be an efficient way to raise revenue. However, an ad hoc approach has contributed to a range of complexities and inconsistencies.
Fuel taxes are the largest source of revenue from a specific good or service.
Taxation of alcohol has two separate regimes, a value based tax for wine products and a volume based excise tax for other alcoholic beverages, with 16 different excise categories.
The Luxury Car Tax has a narrow tax base, is complex and is the Australian Government’s only luxury tax on a specific good or service.
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