A deficit levy won't help Australia's half-baked tax system

Enforcing a standalone tax like the deficit levy will do little to boost national productivity, but there is a compelling argument to be made in favour of broadening the base of Australia's payroll tax.

The Conversation

The Victorian government has decided to reduce payroll tax by 0.05 per cent, from 4.9 per cent to 4.85 per cent. The decision comes as the Commonwealth government contemplates an increase in income tax via a deficit levy.

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