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This! So called "hypothecated" taxes (supposedly dedicated to a specific purpose) are rarely actually restricted to that usage. In Australia, even if the tax
by rswail 7y ago
This!
So called "hypothecated" taxes (supposedly dedicated to a specific purpose) are rarely actually restricted to that usage.
In Australia, even if the tax is supposedly restricted in what it can be applied to, I believe that the parliament can legislate otherwise at any time.