Goods and services tax
The arbitrary 23.9 per cent tax revenue to GDP figure: from a convenient assumption to a ‘speed limit’
This briefing paper shows the recently announced 23.9% tax-to-GDP cap is entirely arbitrary, and that a strict tax cap with no policy change will severely limit choices in government spending.
This discussion document outlines the details of the government’s proposed offshore supplier registration (OSR) system, as it relates to GST on low-value, imported goods.
One focus of this paper is on the fiscal incentives faced by state governments and how these incentives cause regulatory problems. This suggests reforms to the federation, worthwhile for many reasons, will also assist in cutting back Australia’s red tape burden.
This report looks at the legislated model is the best available collection model to extend the Goods and Services Tax (GST) to low value imported goods, and to consider any practical improvements to support its implementation.
The basic premise of HFE - fiscal equity in the Australian federation - has broad support, although it is now under significant strain as Western Australia's share of the GST has fallen to an extreme low.
The Productivity Commission sees the main purpose for this inquiry as being to check that the legislated model is the best means to extend the GST to low value imported goods, and to identify any practical improvements to support effective implementation.
This paper highlights key issues and outlines preliminary views for an inquiry into the collection of GST on low value imported goods.
This paper seeks to lay out the evidence for and against increasing the rate and broadening the base of the GST in terms of the GST’s relative efficiency, equity and revenue raising capacity. Overview The Commonwealth Government has run underlying structural deficits for 8 years...
The Australian Goods and Services Tax (GST) is a tax levied on the supply of goods and services in Australia. The GST is charged at a rate of 10 per cent of the final price of goods and services. In the fiscal year ended 30...
Increases in the Goods and Services Tax (GST) are being advocated to help fund services provided by the States such as health care; to replace other indirect taxes such as Stamp Duties or Payroll Taxes; or to pay for income or company tax cuts. Many...
To remove cascading effect of taxes and provide a common nation-wide market for goods and services, India is moving towards introduction of Goods and Services Tax (GST). Under the proposed indirect tax reform both Central and State Governments will have concurrent taxation power to levy...
New South Wales Premier Mike Baird claims the average rate of GST across OECD nations is around 20 per cent, and Australia's GST is "right down the bottom"
Treasurer Joe Hockey and Prime Minister Tony Abbott claim they need the agreement of the states and territories to remove the GST from tampons and pads.
In recent years, a series of studies have been undertaken in Australia that use static general equilibrium models with a representative household to compare the relative efficiency of different Australian taxes. This paper aims to complement these earlier studies and contribute to a broader discussion...
Prime Minister Tony Abbott claims the Government cannot change the GST without the agreement of the states and territories, and consensus in the federal parliament.
NSW Treasurer Mike Baird claims other countries like the UK and Canada have lower GST thresholds for online shopping and that these thresholds can also be achieved in Australia.
General observations The case for reform of the taxation and social security systems, together with reform blueprints, were provided in the Henry Review released in May 2010. To the Henry Review reform proposals should be added a more comprehensive and higher rate GST, and the...