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| Name | Calls mount to increase GST to 12.5 per cent |
| Video Uploader | Video From Sky News Australia |
| Upload Date | This Video Uploaded At 06-07-2020 23:55:48 |
| Video Discription | Calls are mounting to increase the rate of GST to 12.5 per cent, a move economists say would raise $40 billion a year. A PwC report suggested lifting the rate would get rid of inefficient taxes such as stamp duty and payroll tax. Although there were concerns it would unfairly target low income households. AMP Chief Economist Shane Oliver told Sky News GST was the preferred economic model. “We should be relying more on the GST and less on income tax, less on personal tax and certainly not on stamp duty," he said. “It makes sense to raise the GST and compensate those who are adversely affected…and then lower the burden on income tax.” bTcpvDtbVs0 |
| Category | News & Politics |
| Tags | politics | msn | yt | finance | 6169732368001 |
