Mr Perrottet has tried to frame his Liberal Government's paper as one that is not just about NSW.
Well over a hundred countries and territories agree to an OECD proposal to revise global tax rules by 2020. It argues that weakening Commonwealth revenues partly as a result of lower GST receipts and falling fuel excise thanks to electric cars will mean less money for states, which will lead states to hike taxes or cut back on services.Mr Perrottet said he was"frustrated" that within hours of the discussion paper being released potential ideas were being ruled out.
If there's one message our politicians should heed from the past decade, it is the folly of using the windfall gains from temporary booms to justify permanent restructures of the tax system, writes Ian Verrender.With little sign that the economy will pick-up or consumers will start to spend the GST needs another look, along with other measures, he said.
Who, for crying out loud, is in favour of a wider base for the GST? Does anybody want a GST on basic foodstuffs? Genuine Tax Reform in terms of the GST would be to leave the base alone, but turn it into a VAT, which is fairer, and much easier to collect.
the GST should never have happened; promised that it would not apply to petrol and also that it would NOT be expanded and increased! wait and see!
yeah tax the proletariat until their eyes bleed; never mind the thousands each month having their electricity cut off even now!
.... by “tax reform “... do they mean the 2500 multinationals that syphon a trillion dollars out of the country without paying a cent of tax .... will start paying 30 cents on the dollar ?
Good on him for trying but they aren't entertaining GST changes because it's been political poison for 25 years min. Much safer to make other tax changes instead, literally no one notices them and they are not forced to give the revenue to states.
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