Reduce company tax, raise GST?

As popularity increases for a higher GST, Joe Hockey is pressuring states to lead the push. Now it's time for the Coalition to come forward and explain its policy.

We can leave aside the flat earth Hayekians and their prescriptions to abolish most taxes and almost all government spending. At the moment, the GST is at the rate of 10 per cent and applies to about 60 per cent of all transactions. Fresh food, health, education and childcare are among the exemptions, costing about $15 billion in 'lost' revenue.

The current consumption wariness among Australia’s workers means that the GST collections have slowed over the last few years.

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