Let’s get serious about the black economy

Mal and ScoMo are thinking about going after the black economy. Hidden cash-only payments are widespread across cafes and restaurants, hair and beauty industries and building and construction,

Federal budget to tackle illegal cash economy costing up to $15b in lost revenue

Yes and it’s also rife in the drug industry which makes eye watering profits – all tax free

Record haul: 900kg of ice worth $900m found in floorboard shipment

This is just one operation and presumably just one delivery. Think of cracking down on its tax evasion as the equivalent of busting the cash payments at the local hair dresser.

There are a lot of good arguments for legalising and regulating the recreational drug trade. The foregone tax revenue is one of them.

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