Despite much debate over the scope and efficiency of the GST, the major political parties have left the possibility of reform off the agenda.
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Few taxes have been as politically fraught as the GST. The deal, brokered by the-then Prime Minister John Howard and the Democrats in 2000, was not only controversial for its political ramifications, but…
Re-run: if the US fiscal cliff has the same feel as last year’s debt ceiling crisis, we’re not surprised…
Different year, same crisis. Around this time last year, the United States was looking down the barrel of economic disaster with the debt ceiling. As we approach 2013, it peers over the fiscal cliff…
Federal treasurer Wayne Swan welcomed the report.
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Australia’s robust economy makes it the “Iron Man” of the developed world but the government should hike the GST rate and apply it more broadly, according to a new OECD report released today.
“Tax reforms…
State premiers preparing to gather at COAG on Friday have been disappointed by the GST Review.
As Prime Minister Julia Gillard prepares to meet with state premiers at Friday’s COAG meeting, the elephant in the room will be the Independent GST Review, released by Treasurer Wayne Swan last week…
While the Federal Government may argue changing the GST threshold on online purchases is an equity measure, it’s likely to be viewed by many as an exercise in shoring up the federal budget.
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The Federal Government is tipped to be eyeing the online world in a bid to shore up collapsing federal tax revenues. This move has more to do with squeezing “little areas” to get more tax, and ensure…
The GST is off-limits for both political parties, but a restructure could result in an increase in national productivity and incomes.
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With appropriate investment in design and explanation, a larger GST reform package could be one of the most effective and easiest options to help reverse Australia’s lagging productivity growth.
Changes…
The lowering of the tax-free threshold on online purchases is stomping on the long tail of retail.
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Will the long tail of the internet be docked by the fastidious imposition of GST to online purchases?
Australian retailers have been lobbying the federal government to up the ante on online GST by lowering…
Australians love shopping online: so retailers must get to grips with the concept.
AAP
By Scott Ewing, Swinburne University of Technology and Julian Thomas, Swinburne University of Technology
Australians are among the most enthusiastic online shoppers in the world.
Our most recent survey, published in the CCi Digital Futures report, The Internet in Australia 2012, has found a quarter of Australian…
Prime Minister Julia Gillard speaking at the National Press Club yesterday signalled serious changes to the states' role in education.
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After the government’s response to the Gonski report on schools funding, it’s worth looking at not only what was in the announcement but what wasn’t.
Prime Minister Julia Gillard offered no indication…
The Coalition has ruled out increasing GST, despite calls from former Prime Minister John Howard for GST to apply to food. But could a policy change be in the wings?
AAP
There is almost unanimous agreement among mainstream economists, tax experts, Treasury, business and even politicians (albeit very quietly) that the Goods and Services Tax will have to be increased and…
Western Australia is one of only two state economies in the black.
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We are most of the way through a very long budget season this year, beginning with Victorian Treasurer Kim Wells in May and is not due to end till Queensland Treasurer Tim Nicholls delivers his first budget…
Increasing workforce participation of women and older people could increase Australia’s GDP by $50 billion.
AAP
If Australian governments are serious about raising rates of economic growth, they must reform the tax mix and increase the workforce participation rates of women and older people. Each of these reforms…
Ken Henry at the Tax Forum: talkfest or useful?
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So the Tax Forum is done and dusted. Was it simply a talk-fest? Or a useful exchange of ideas? We’ll have to wait and see.
In the meantime, if you missed anything, don’t despair: we’ve collected some…
A GST exemption on basic food was a political argument, not economic, and should be reviewed.
AAP
It is a shame that the GST is off the menu at October’s Tax Forum, because one of its central tenets – the exemption of basic food and beverages – deserves to be debated again.
The exemption is basically…
Julia Gillard, with Defence Minister Stephen Smith and Tertiary Education Minister Chris Evans, announcing the GST review in Perth on Wednesday.
AAP
Why has the Federal Government launched a review into the distribution of GST revenue among the states?
There are two reasons. One, there is a need for genuine reform in that the effective amount of GST…