indirect tax

GST, which was introduced eight years ago, replaced a maze of indirect taxes to reduce compliance and the cost of doing business.

But for less well-off households, a greater share of family income goes on taxes on spending, known as indirect taxes.

These "indirect taxes" are shown in the blue areas in each bar.

"We believe that we must take our foot off the agricultural sector," he said, citing "inefficiencies from the creation of direct and indirect taxes" on the sector.

The company projected over $750 million in direct and indirect tax revenue from the proposed tax breaks and those approved in 2014.