A quarter of a century after implementing Australia’s last major tax overhaul, the GST, John Howard and Peter Costello argue that Labor must convince voters that tax reform is good for the country by offering lower income taxes, compensating losers and tightening runaway government spending.
Their comments to mark the goods and services tax’s 25th anniversary on July 1 come in the same week Labor Treasurer Jim Chalmers pledged to lead an overhaul of the tax system to boost stagnating productivity and plug an unsustainable budget.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.