Calls for an increase in the rate of GST
Monday, 15 June 2009
The Business Council of Australia is proposing that the rate at which GST is imposed be increased. This increase would allow for the rate of company tax to be halved and also provide scope for reductions in other taxes. According to the Business Council of Australia, compared to other nations Australia has a higher dependence on company tax than on indirect taxes, such as GST. For more information, click here.