A VERY Different Concept Of Taxation

Peter Botsman, Editor of Australian Prospect and Voluntary Secretary of the Indigenous Stock Exchange has a concept that should get some of us thinking outside the square. He says:

“Australians will be liberated from their accountants. Each individual will have their own portfolio of social, cultural and community investments that will be seen as their taxation. It will be up to each citizen to lodge their own statement of investment in the public good. The much amended, dreaded, impossible Commonwealth Taxation Administration Act (1953) will finally be abolished.”

A Brief Explanation

Peter explains:

“When we move towards such a system the whole Commonwealth Administration Tax Act will be scrapped once and for all and a new simpler set of protocols will be put in place. It will be up to each citizen to put forward his quota of social goods and investments to a certain threshold. Taxation will become a truly interesting enterprise. Accountants will become multi-talented advisors. Citizens will also be able to volunteer as part of their contribution to the greater good of society and this will be seen as a part or a whole of their taxation contribution. The goal of the new taxation will be to ensure a free flow of investments to truly enterprising initiatives for the social good and away from government and bureaucracy”.

The Paper – A New Concept of Taxation (PDF) – is for sale $0.99.

About Professor Peter Botsman

Peter is described as an inter-disciplinary public intellectual.

His writing and major publications cover a wide variety of subject areas including the banking industry, health research and development, the waterfront, the NSW power industry, unemployment, financing aged care, community employment co-operatives and a new model of family centred services for children with developmental disabilities.

‘The Great Constitutional Swindle – A Citizen’s Guide to the Australian Constitution’ was shortlisted for the Centenary of Federation Prize in 2001.

Peter Botsman has worked as volunteer for the ISX since 2003. He currently edits Australian Prospect, and is a regular writer of papers and books.

You can contact Peter by phone (02) 44 65 1665 or by email pbotsman@bigpond.com

Fascinating