Tax word

By Mike Bannon
Updated April 18 2018 - 11:21pm, first published December 30 2012 - 3:00am

WHILE Australia debates whether to change GST laws and politicians scramble under the nearest rock at the very mention of a rate increase or the withdrawal of exemptions, European nations are increasing their VAT rates to garner more revenue to pay off debt. They are also exchanging more tax information between tax authorities to catch tax avoiders.

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