All Australians would receive $3300 a year in exchange for accepting a higher and broader GST under a plan which proponents claim would boost the budget by $28 billion a year while driving up the nation’s living standards.
Before this month’s economic roundtable, independent MP Kate Chaney has backed an idea first floated by leading Australian economist Richard Holden to lift the GST to 15 per cent and extend the tax on food, education, health and childcare services and water and sewerage.
Independent MP Kate Chaney says a higher GST, plus a $3300 rebate to all adults, would help reform the tax system.Credit: Getty Images
This would raise an additional $92.5 billion in its first full year of operation, but would be offset by a $3300 rebate to every person over the age of 18 that would effectively erase the impact of the higher GST on the first $22,000 of an individual’s annual purchases.
Read more from Shane Wright, Paul Sakkal and Olivia Ireland here.
































