Treasurer has narrowed tax proposals to two options: one involving an increase in the GST to 15% and a moment involving limits on negative gearing The federal treasurer,Scott Morrison, is considering two major tax reform packages, or one of which includes a hike in the GST.
A rise in the GST to 15% would boost revenue by $32bn each year under the largest of the packages which is reportedly preferred by Malcolm Turnbull,the Australian reports. Related: Bill Shorten quip on lettuce leaves the vegetable starring in national debate Continue reading...
Source: theguardian.com