Singapore's Prime Minister, Lee Hsien Loong, has announced that Singapore's GST, currently set at a rate of 5%, will rise to 7%; no such change has been foreshadowed for Australia's GST
Monday, 06 November 2006
Australia's GST is set at a rate of 10%. The legislation introducing Australia's GST includes a mechanism designed to prevent future Commonwealth parliaments from increasing the tax rate except with the agreement of each of the State and Territory governments. It is a question of constitutional law as to whether this attempt to fetter the legislative capacity of the Commonwealth is effective. There is no indication that the Australian government is currently contemplating an increase in the rate of Australia's GST.