Last week the Federal Government released the Commission of Audit's report which included sweeping recommendations to cut spending

Last week the Federal Government released the Commission of Audit's report which included sweeping recommendations to cut spending. The Abbott Government has also flagged a 'deficit tax'. Both will have a serious impact on the economy, companies and investors. But few are asking the obvious questions: is Australia really facing a budget crisis? Will new taxes actually cut government debt? And why is the Government ignoring a simple, obvious tax that could help solve its 'budget crisis'? View the latest Investing Report: (VIEW LINK)