GST should be 15% and on everything (no exemptions) just as John Hewson's Fightback policy proposed.
Had the Australian voter not been totally conned by Paul Keating's and Labor's last ditch desperate grap for power in 1993 the GST tax take would have been more than 50% more for almost the last 20 years. That would have been $22.9 Billion dollars just in FY2012.
buzzanddidj wrote on Jul 7
th, 2013 at 9:00pm:
Hit HARDEST - would be AGED pensioners, DISABLED pensioners and CARERS
As all of these are income-tax exempt - there is no "carrot" by way of income-tax relief
Just a GREATER GST SLUG
This statement is naive.
Yes AGED pensioners, DISABLED pensioners and CARERS
would pay more GST (5% more) but there would be
significantly more funding available for increased welfare as well as funding for hospitals and schools. As always the lion's share of tax including GST is paid by high income earners.
Therefore welfare dependent people arguably
would benefit significantly more from an increased GST.
Quote:TREASURER Chris Bowen has ruled out reviewing the base or rate of the GST, despite stating the need for further discussions with the states on tax reform
Labor just don't want to admit that they were actually completely wrong about being totally against the introduction of the GST, that's why it doesn't want to even discuss the issue.
Leaving the GST out of any Tax reform agenda is ridiculous.
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