When it was revealed last month that Malcolm Turnbull has in the Caribbean tax haven of the Cayman Islands, I'll admit I felt some relief. At least our prime minister appeared committed to helping someone's economy, even if It was just a banking system once described by Barack Obama as 鈥渢he biggest tax scam on record鈥.
Goods and services tax (GST)
So the Malcolm Turnbull-led government thinks we need to reform the tax system. When looking at the extent to which multinational corporations are shirking their responsibilities in Australia, this sounds like a good thing.
The neoliberal agenda for the Council of Australian Governments (COAG) meeting in Sydney on July 23 was set by NSW Premier Mike Baird, who proposed increasing the GST from its present 10% to 15%.
Baird wants the extra funds to be primarily used to fund health services, which account for almost 30% of state budgets, including spending on hospitals of about 20%. What he neglected to say was that under his mate Tony Abbott鈥檚 federal government, spending has been drastically reduced on health along with education. The total reduction across both areas is about $80 billion.
Update: All the Malaysian anti-GST protesters who were detained on Monday have now been released on RM3,000 bail. They are to appear in court again on May 14. Thanks for all the protest letters!
Police used excessive force in the recent crackdown on protesters against the Goods and Services Tax (GST), which is scheduled to be implemented on April 1.
Prime Minister Tony Abbott has indicated his government plans to increase the Goods and Services Tax (GST).
Before last year鈥檚 election, Abbott promised the Australian people that . But on October 27, he called for a 鈥渕ature debate鈥 on the topic, making it clear his government intends to increase GST revenue.
Federal independent MPs, Tony Windsor and Rob Oakeshott, have put pressure on the Julia Gillard's government to raise the Goods and Services Tax (GST) and to slash so called 鈥渕iddle class welfare鈥 entitlements.
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