To raise or not to raise GST & Taxes? A recent controversial debate.
- Apr 3, 2014
- 1 min read
On Wednesday, treasury boss Martin Parkinson says the goods and services tax will have to be boosted or broadened if the budget is to have any hope of returning to surplus.
Read Article: GST must rise as deficit decade looms for budget, says Treasury boss Martin Parkinson.
In response, the Abbott government has dismissed Mr Parkinson's proposition.
'Treasurer Joe Hockey's office rejected the suggestion that the government would raise the GST to plug holes in the budget.'
“We are not changing the GST – full stop, end of story,” a spokeswoman for Mr Hockey said. “Our position hasn’t changed.”
Read Article: Joe Hockey rejects Martin Parkinson's call to raise GST.
Photo: Alex Ellinghausen
Photo: Michel O'Sullivan
The tension between treasury officials and the government regarding fiscal policy is quite striking. The insistence on maintaining the current structure, despite the clear financial challenges, raises questions about the sustainability of our economic framework. The resistance to even consider raising the GST underscores a deeper ideological divide. Perhaps gday77 https://everydayfoto.co/ serves as a reminder that addressing budget concerns requires more than just stubborn adherence to prior commitments.