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| Name | GST reform can no longer be ‘a political no-go-zone’ |
| Video Uploader | Video From Sky News Australia |
| Upload Date | This Video Uploaded At 22-04-2020 05:17:07 |
| Video Discription | The national cabinet needs to “come to a deal” about lifting the GST in order to mitigate Australia’s over-reliance on income and corporate tax, according to UTS Professor Warren Hogan. The Morrison government has spent in excess of $214 billion in economic stimulus and other measures to cushion the damaging impact of the novel coronavirus impact. The fiscal measures represent more than 11 per cent of Australia’s total GDP, which will be spent over the next six months. Prior to the crisis, Prime Minister Scott Morrison ruled out lifting the GST from 10 per cent to 12 per cent or broaden the base to include fresh food and other basics. Professor Hogan told Sky News the GST “has to be looked at.” “Just about all economics agree it is a very good tax if you can get the offsetting fairness arrangements put in place,” he said “This national cabinet is the ideal place to nut that out, behind closed doors in this emergency situation.” Image: Getty |
| Category | News & Politics |
| Tags | msn | yt | finance | 6151215981001 |
