Why GST is good news for the black economy

Article Abstract:

Australia's new goods and services tax is unlikely to play a key role in tackling the black, or cash, economy. The new tax system will have no effect on criminal activity such as drug dealing, which accounts for between 40% and 50% of the black economy.

Cover Story

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ANZ checks the health of small businesses

Article Abstract:

Moves by ANZ Banking Group to assess the credit risks associated with Australia's new goods and services tax (GST) are discussed. The bank emphasizes that it does not expect businesses to default as a result of the GST.

Banking industry, Management, Laws, regulations and rules, Credit ratings, Australia and New Zealand Banking Group Ltd., Taxation of services, Service taxes

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The Goods and Services Taxation avoiders

Article Abstract:

Issues concerning the introduction of Goods and Services Taxation in Australia and the problems caused by people refusing to pay the tax are discussed.

Economic aspects, Consumption taxes

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