GST

Proust wants a 15% GST hike = Eat the Poor.

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The calls for tax reform come thick and fast – like hammer blows upon the Turnbull government, on its knees praying for a recovery in public opinion. The AFR today gave Australian Institute of Company Directors CEO Elizabeth Proust the pulpit to call for an increase in the Goods and Services Tax to 15 per […]

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Support a GST increase? Think about the children first

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By Michael Janda Online business reporter with the ABC. Reposted from The Drum Increasing the GST is widely presented as the logical, perhaps the only, solution to Australia’s revenue shortfall, but it is a deeply flawed tax and there are better alternatives, writes Michael Janda. It is presented as a fait accompli that a GST […]

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Beware of Greeks bearing gifts

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The economic impact of stamp duty, a study by Deloitte Access Economics for the Property Council of Australia released yesterday, finds Australia’s GDP would increase by $3.3 billion and real consumption by $9.7 billion if conveyancing stamp duty was replaced by an increase in the GST. Deloittes explains the damage and misallocation stamp duties impose: […]

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A GST hike will hurt everyone. Everyone.

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The AFR’s economics editor Alan Mitchell has taken a Treasury briefing. He is out this morning offering all sorts of reasons why a broader, higher GST is a brilliant master-stroke that deserves universal applause. He knows, we all know, a Goods and Services Tax is regressive and unfair. Citizens earning up to $100,000 will need […]

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A bigger GST cements our place as a second class country

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Australians have to endure waves of disinformation around the tax reform options before us. Every vested interest in the country is sharp-elbowing for advantage and the yelps of pain are deafening. GST is a vile tax because of who pays it. It does not matter whether tax is taken under one name or another or […]

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Reform Agenda Machinations

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Published as The Planned Obsolescence of the Public Interest in Online Opinion A fascinating power play continues in the debate over vertical fiscal imbalance. The strategic intent is prevalent from federal to local politics, where the health of the public revenue raising system is undermined. This sideshow diverts from the beneficiaries that Adam Smith once […]

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GST Wind Will Blow Turnbull Away

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Letters to the Editor AFR, November 9 Increasing the GST is such an ‘ill wind’ policy that it singularly has the capacity to blow even Mr Turnbull’s mojo into the doldrums and swing a Labor-Greens alliance into power (“Turnbull can win support for a GST rise, says Hewson”, AFR, November 4). The GST is anchored […]

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Take action against the GST increase – now!

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Having trouble reading this newsletter? View it online.   The enews of Prosper & Earthsharing Australia JULY 2015   Arthur John Picton   Change is Coming Are the winds of change finally blowing our way? Alan Kohler dropped by for a visit, we've had two more top level government meetings, tax reform is part of the nation's […]

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OECD’s Housing Concerns

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Yesterday’s OECD Economic Survey of Australia pinpointed key areas of risk.   As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia’s land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government has yet to even add housing affordability to their todo list. The OECD’s no1 […]

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GST Inequity Obvious

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Letters to the Editor As published in the AFR April 7th It is absurd to say switching from income tax to GST improves work incentives. Consumption equals income minus savings. A 20% GST is much the same as a 20% flat rate income tax with no tax-free threshold but with unlimited superannuation deductions. But it’s […]

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