Tax experts say global survey reveals taxes such as the GST need to go up to bring Australia’s tax mix into line with the optimum rangeAustralia’s tax base is out of step with other countries and consumers can expect to pay more indirect taxes such as GST whether the government is to preserve pace with welfare costs, an international consultancy says. Global tax experts at KPMG say taxpayers throughout the world will need to pay more tax in future as governments repay debt and fund increases in social welfare.
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Source: theguardian.com