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Taxation reforms introduced by the Commonwealth Government, in agreement with the States, from 1 July 2000 as part of 'A new Tax System' include the introduction of the Goods and Services Tax (GST). In conjunction with the introduction of the GST, the Commonwealth has ceased its wholesale sales tax, and its collection of the franchise taxes on liquor, tobacco and petroleum products on behalf of the States under the so-called safety net tax arrangements. The States have ceased bed taxes, financial institutions duty, stamp duties on marketable securities, and have adjusted their gambling taxes to take account of the impact of the GST on gambling operators. State debit taxes are to be phased out by 1 July 2005.

STATE GENERAL GOVERNMENT TAXES, Tasmania
		1998-99	1999-2000	2000-01
		$m	$m	$m
Employers payroll taxes		144	144	165
Taxes on property
	Taxes on immovable property	45	45	46
	Taxes on financial and capital transactions	103	115	122
	Total	148	160	168
Taxes on provision of goods and services
	Levies on statutory corporations	14	14	14
	Taxes on gambling	69	79	60
	Taxes on insurance	28	29	37
	Total	111	123	112
Taxes on use of goods and performance of activities
	Motor vehicle taxes and stamp duties	87	86	96
	Petroleum products franchise taxes	47	58	6
	Tobacco franchise taxes	104	97	-
	Liquor franchise taxes	19	21	-
	Total	256	262	102
Total taxes		659	690	547
Taxes received from public corporations		41	36	31
- nil or rounded to zero Source: Taxation Revenue, Australia (Cat. no. 5506.0) and ABS data available on request, Government Finance Statistics Collection.