increase gst from 10%b to 11% to fund a levy, page-5

  1. 1,110 Posts.
    I have a more accurate gst estimate.

    Current gst revenue is around $43 billion per annum, based on a 10% gst.

    If we increase the gst by an absolue 1% to 11%, that raises $4.3 billion per annum.

    If we do that (and legislate to keep the pollies hands off it), we can have a $4.3 billion buffer each year for disasters, and perphaps for assisting green projects.

    This seems a "no brainer" compared to inventing various levies and trying to work out who pays and who doesn't.
 
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