The treasurer says any increase in one tax should fund compensation and deliver cuts in areas such as income and corporate taxesScott Morrison has ruled out raising taxes such as the GST unless the revenue goes entirely to funding other tax cuts,challenging state governments that face a growing fiscal black gap exacerbated by federal cuts to hospital and school funding.
The federal treasurer dug in on the goals of tax reform at a “robust” meeting with his state and territory counterparts in Sydney on Thursday, saying any increase in one tax should fund compensation and deliver cuts in other areas. He cited personal income tax and corporate tax as his targets for cuts.
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Source: theguardian.com