Senate dealmaker David Pocock has joined mounting calls for Jim Chalmers to launch a sweeping review of the tax system that would consider lifting the GST.
more than $1.6 billion in fake GST claims as part of a fraudulent scheme promoted on social media platform TikTok.“We want to ensure that under existing GST laws, the existing company tax laws, the existing income tax laws, that they’re working effectively and efficiently, and the money that is currently owed under the current system is paid.
Mr Fraser said he didn’t favour raising the GST, describing it as regressive. He said capital gains tax, negative gearing, superannuation and dividend imputation were all possible revenue sources.Former Productivity Commission boss Peter Harris said the federal government could play a leadership role on tax reform to lift living standards by financially supporting states shift from damaging property stamp duties to land tax.
The model could build on the Albanese government’s financial incentives for the states to expand housing supply, similar to the Keating and Howard governments working with the states on competition and GST reforms in the 1990s, Mr Harris said. “It’s not as if the Henry Tax Review is so incredibly out of date, so I just don’t see the purpose of it,” Dr Emerson said.
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