The Objectives of the GST in Australia Were To

question 58

Multiple Choice

The objectives of the GST in Australia were to:

• A) reduce the range of goods and services attracting tax.
• B) discourage increased rates of community saving by taxing income when it was spent rather than when it was earned.
• C) reduce the reliance on income taxation in government revenue raising.
• D) increase the ability of individuals to avoid paying their taxes.

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Definitions:

Weights

Factors or coefficients that are assigned to elements of a calculation or model to determine their relative importance or impact.

Standard Deviation

A quantifiable statistical metric that indicates the degree of spread or variability in a dataset.

Portfolio

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.

Stock C

This term is not specific; it might be a placeholder name for a hypothetical or specific stock used for analysis.