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 TURNBULLTAXREFORM
 

According to Prime Minister Malcolm Turnbull, when it comes to tax reform, nothing is off the table. Except of course a wealth tax, more income tax on the rich, taxing the family homes of the wealthy, death and estate taxes on multimillionaires for instance.

The tax ‘reform’ debate has concentrated on increasing the Goods and Services Tax from 10 per cent to 15 per cent and including in the tax base things like fresh food, and health and education spending. These items are currently exempt from the GST.

Nationals MP David Gillespie did the Prime Minister’s dirty work by suggesting we adopt the New Zealand model. The rate there is 15 per cent and it applies to fresh food, health, education, financial services and water and sewage.

The current Australian GST applies to 47 per cent of what we consume. Adopting the NZ model would…

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