Spend and be taxed

Article Abstract:

Australian Prime Minister John Howard's planned goods-and-services tax will impose a uniform tax rate of 10% on almost all items, including food. Income tax rates will be reduced, with the burden of the tax system thus moving to what people spend, rather than what they earn. The Senate has established a committee to investigate the new tax system, and a report is due in Apr 1999. The main area of controversy will be the taxation of food, which is opposed by the country's main welfare lobby groups.

Australia, Tax policy, Howard, John

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Spend, spend, spend

Article Abstract:

Government spending by industrialized nations has ballooned to account for major portions of gross domestic product. Of the various categories of spending, only public investment has seen a decline, while debt interest has experienced the most growth.

Analysis, Expenditures, Public, Public expenditures, Waste in government spending, Government spending waste

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To spend or not to spend?

Article Abstract:

The governments of eastern Asia are responding to the global economic downturn in different ways. The Philippines and Indonesia are trying to restructure their economies and curb government spending, while Thailand and Malaysia are boosting spending.

Economic policy, Government spending policy, East Asia

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