Calls to increase the rate of Australian GST rejected
Friday, 01 October 2010
Both the Australian Prime Minister Julia Gillard and the leader of the opposition have rejected calls for the GST to be raised from its current level of 10 percent. This is despite an International Monetary Fund recommendation that Australia's GST rate be increased. With effect from 1 October 2010, New Zealand's GST rose by 2.5 percentage points from 12.5 percent to 15 percent. For more information, click here.