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ScoMo won't rule out increase in GST. (Read 2206 times)
Bobby.
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ScoMo won't rule out increase in GST.
Jun 29th, 2020 at 3:48pm
 





Sky News Australia


Prime Minister Scott Morrison has not ruled out changes to the GST as part of his big reform agenda he is planning to take to the next election, according to Sky News Political Editor Andrew Clennell.

Prior to the COVD-19 crisis, Mr Morrison ruled out lifting the GST from 10 per cent to 12 per cent or broaden the base to include fresh food and other basics.

That is despite a 2015 Treasury paper finding that GST only takes 20 cents out of the economy for each dollar taxed, as opposed to stamp duty which takes 80 cents out and company tax that takes 50 cents.

NSW Treasurer Dominic Perrottet has lobbied his state and federal colleagues to consider changes to the GST in order to scrap less efficient taxes.

Mr Clennell said Prime Minister Scott Morrison is no longer ruling out changes to the GST.

“One big question around in federal circles at the moment is the big reform agenda Scott Morrison has been talking about and whether that will mean an early election in the second half of next year so Scott Morrison can sell that agenda,”he said.

“Now the PM has mentioned skills reform, IR reform and tax reform – this leads to the question, 20 years after the introduction of the GST in Australia, whether we will see the PM go to the next election with a policy to increase the GST or broaden its base to include food and education to allow other taxes to be cut and allow us to pay the pandemic debt back.

"I gave him the opportunity to rule this out today and he did not take it.”
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #1 - Jun 29th, 2020 at 3:49pm
 
Well - it had to happen didn't it ?

Everywhere else in the world the GST started low and was increased.

I wonder if it will be 15% or 20% now?
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #2 - Jun 29th, 2020 at 7:06pm
 
Any comments?
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Dnarever
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Re: ScoMo won't rule out increase in GST.
Reply #3 - Jun 29th, 2020 at 8:11pm
 
It wouldn't be a Liberal government if they didn't want to increase taxes the taxes that people pay and reduce the taxes the wealthy pay.

Anyone forget that the Liberals only back in 2019 gave the wealthy another huge tax cut ?
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philperth2010
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Re: ScoMo won't rule out increase in GST.
Reply #4 - Jun 29th, 2020 at 8:43pm
 
Australia needs real tax reform not a band aid solution....Whilst Capitol Gains Tax, Negative Gearing and Franking Credits are off the table tax reform is bullshit and raising the G.S.T. will not fix the problem of rising hand outs to the wealthy by burdening the poor with higher costs???

Angry Angry Angry

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Re: ScoMo won't rule out increase in GST.
Reply #5 - Jun 30th, 2020 at 12:42pm
 
philperth2010 wrote on Jun 29th, 2020 at 8:43pm:
Australia needs real tax reform not a band aid solution....Whilst Capitol Gains Tax, Negative Gearing and Franking Credits are off the table tax reform is bullshit and raising the G.S.T. will not fix the problem of rising hand outs to the wealthy by burdening the poor with higher costs???

Angry Angry Angry


Especially when these handouts and tax concessions are so numerous and generous that the average household on $200,000 a year is a greater burden on the taxpayer than an average aged pensioner.
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #6 - Jun 30th, 2020 at 1:05pm
 
Everyone wanted free stuff but now they'll pay for it.
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greggerypeccary
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Re: ScoMo won't rule out increase in GST.
Reply #7 - Jun 30th, 2020 at 1:09pm
 
Bobby. wrote on Jun 29th, 2020 at 7:06pm:
Any comments?


Sure.

Scotty from Marketing is a lying, deceitful little toad.

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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #8 - Jun 30th, 2020 at 1:11pm
 
greggerypeccary wrote on Jun 30th, 2020 at 1:09pm:
Bobby. wrote on Jun 29th, 2020 at 7:06pm:
Any comments?


Sure.

Scotty from Marketing is a lying, deceitful little toad.




Did he give you any free stuff?
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greggerypeccary
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Re: ScoMo won't rule out increase in GST.
Reply #9 - Jun 30th, 2020 at 1:12pm
 
Bobby. wrote on Jun 30th, 2020 at 1:11pm:
greggerypeccary wrote on Jun 30th, 2020 at 1:09pm:
Bobby. wrote on Jun 29th, 2020 at 7:06pm:
Any comments?


Sure.

Scotty from Marketing is a lying, deceitful little toad.




Did he give you any free stuff?


Nope, and I don't want/need any.

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cods
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Re: ScoMo won't rule out increase in GST.
Reply #10 - Jun 30th, 2020 at 5:03pm
 

Bobby. wrote on Jun 29th, 2020 at 3:49pm:
Well - it had to happen didn't it ?

Everywhere else in the world the GST started low and was increased.

I wonder if it will be 15% or 20% now?



well its been 10% for 20 years.... I dont think anyone can complain and I am surprised it hasnt happened already to be honest......its about the only fair tax we have   everyone pays it...no writing it off or claiming its a gift....as it should be.......I will go for 15%.. and assuming that gets passed   it will eventually end up 20% down the track.....

in Denmark its 25%vat...one of the highest taxing countries in the world......I think it includes everything ...not sure though.
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Bam
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Re: ScoMo won't rule out increase in GST.
Reply #11 - Jun 30th, 2020 at 5:46pm
 
cods wrote on Jun 30th, 2020 at 5:03pm:
Bobby. wrote on Jun 29th, 2020 at 3:49pm:
Well - it had to happen didn't it ?

Everywhere else in the world the GST started low and was increased.

I wonder if it will be 15% or 20% now?



well its been 10% for 20 years.... I dont think anyone can complain and I am surprised it hasnt happened already to be honest......its about the only fair tax we have   everyone pays it...no writing it off or claiming its a gift....as it should be.......I will go for 15%.. and assuming that gets passed   it will eventually end up 20% down the track.....

in Denmark its 25%vat...one of the highest taxing countries in the world......I think it includes everything ...not sure though.

The GST is a regressive tax because people on low incomes pay a higher percentage of their income in GST than people on high incomes. It would be a fairer tax if the tax-free threshold was lifted to around $40,000 per year or other measures taken to address its inherent regressive nature.

Nor does everyone pay it. Businesses pass it all on to their customers. That means their customers can end up paying the GST on the CEO's golf days or the staff's coffee consumption. That rort needs to stop.
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Bobby.
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Re: ScoMo won't rule out increase in GST.
Reply #12 - Jun 30th, 2020 at 8:05pm
 
cods wrote on Jun 30th, 2020 at 5:03pm:
Bobby. wrote on Jun 29th, 2020 at 3:49pm:
Well - it had to happen didn't it ?

Everywhere else in the world the GST started low and was increased.

I wonder if it will be 15% or 20% now?



well its been 10% for 20 years.... I dont think anyone can complain and I am surprised it hasnt happened already to be honest......its about the only fair tax we have   everyone pays it...no writing it off or claiming its a gift....as it should be.......I will go for 15%.. and assuming that gets passed   it will eventually end up 20% down the track.....

in Denmark its 25%vat...one of the highest taxing countries in the world......I think it includes everything ...not sure though.



We have lived way beyond our means since 2008 and the GFC.
Our national debt must be over $1 trillion by now.
It has to be paid back so expect a higher GST.
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Bam
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Re: ScoMo won't rule out increase in GST.
Reply #13 - Jul 1st, 2020 at 11:59am
 
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Bam
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Re: ScoMo won't rule out increase in GST.
Reply #14 - Jul 1st, 2020 at 12:01pm
 
Bobby. wrote on Jun 30th, 2020 at 8:05pm:
We have lived way beyond our means since 2008 and the GFC.
Our national debt must be over $1 trillion by now.
It has to be paid back so expect a higher GST.

Or we could repeal the unfunded tax cuts for the rich.

Why should 90% of the population pay more of a great big tax on everything so the 10% can have lower taxes?
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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