The Origin of 2 CENT TAX

What is the origin of 2 CENT TAX?

  • The thinking behind the concept of this reform of the ‘Taxation System’ goes back to 1977, when China dumped goods into Australia to begin the demise of manufacture and jobs in Australia, after Whitlam naively opened the door to China.  It was documented, modelled and the tax rate of 2% calculated in a ‘Taxation Summit Presentation’ by Derek Smith dated 26 May 1985 and sent to Prime Minister Bob Hawke

  • John McRobert, a committed tax reformer, in August 1985 published a book ‘ A Diet of 2% Tax’ and in May 1998 a book ‘Your Future in Your Hands’ containing a 2 CENT Spending Tax Model of the Australian Economy by Unisearch of the Queensland University of Technology Brisbane 1997

  • Submissions by Tax Reform Ltd dated 31 December 1998 and 4 January 1999 were made to Senate Select Committees on ‘A New Tax System’

  • Submission by Tax Reform Ltd dated 11 April 2003 to the Senate Economics References Committee on ‘The Structure and Distributive Effects of the Australian Tax System’

All truth goes through three stages:

First, it is ridiculed

Second, it is violently opposed

Third, it is accepted as being self-evident

Arthur Schopenhauer (1788 – 1860)


When you understand 2 CENT TAX, expect to accept as self evident its benefits to all Australians.


To order the book:

To view the submission to the Senate dated 11 April 2003 … click here


This website has been paid for by Derek Smith CA who is the author.