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Divergence of tax theory, practice
2-October-08
Written by Mark Pownall
NATIONALS WA's Royalties for Regions plan, which is now a key element of the new government's policy platform, is going to be a true test for Colin Barnett and his team as they manage the state's finances.
There was much said about this immediately after the election, when it became clear the Nationals were likely to have the balance of power and their policy of diverting 25 per cent of state royalties back to the regions was not negotiable when it came to power sharing.
The view was that the state is merely a tax collector in a giant money-go-round that converges with the Commonwealth Grants Commission's administration of the massive GST tax revenue distribution.
Article continues...
2-October-08
Written by Mark Pownall
NATIONALS WA's Royalties for Regions plan, which is now a key element of the new government's policy platform, is going to be a true test for Colin Barnett and his team as they manage the state's finances.
There was much said about this immediately after the election, when it became clear the Nationals were likely to have the balance of power and their policy of diverting 25 per cent of state royalties back to the regions was not negotiable when it came to power sharing.
The view was that the state is merely a tax collector in a giant money-go-round that converges with the Commonwealth Grants Commission's administration of the massive GST tax revenue distribution.
Article continues...
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