UK equivalent of GST is 20%, if Australia raised the GST rate it...

  1. 19,742 Posts.
    lightbulb Created with Sketch. 1216
    UK equivalent of GST is 20%, if Australia raised the GST rate it could lower the income tax rates.
    GST raises 12% total tax revenue, income tax 39%.
    Double GST to 20% & you could cut income taxes by 30% across the board.
    Increase GST to 15% & you could cut income tax rates by 15% across the board.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.