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Australia's Cash Economy: A Troubling Issue for Policymakers - A Troubling Issue for Policymakers (Hardcover)
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Australia's Cash Economy: A Troubling Issue for Policymakers - A Troubling Issue for Policymakers (Hardcover)
Series: Routledge Revivals
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This title was first published in 2002: Very little is known on the
Australian underground economy. Only speculation has offered
estimates of its size - around ten per cent of GDP. This book
provides comprehensive research on the topic for Australia,
including the suggestion that the underground economy exhibits
strong fluctuations. The text has three central objectives: to
understand why a suspiciously large amount of currency remains
outstanding and cannot be explained by legitimate transactions
alone. Secondly, to examine factors that motivate individuals to
participate in the underground economy and the consequences they
may have on the business cycle, on the quality of the National
Accounts and on taxation revenue. And finally, to examine whether
households or businesses are contributing most to the underground
economy and whether the new tax system, introduced in July 2000,
will have any impact on underground activities in Australia.
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