Monday, February 08, 2016

Turnbull Shelves Unpopular GST Hike

The Turnbull government faces pressure to explain what economic reform model it will take to voters before this year’s federal election after the prime minister, Malcolm Turnbull, all but admitted proposals to increase the goods and services tax were dead in the water.
Turnbull has shelved the idea of raising the GST to 15% and broadening its base to include fresh food and services like health and childcare. 
The GST was a Liberal/National Party invention and introduced by John Howard after an election in which he promised it was dead. The only question is can Turnbull afford to follow the same devious and tricky past as Howard ?

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