Half the GST rise to go in compensation
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The realisation that about half the extra revenue from a GST rate increase would have to be spent on compensation is fuelling misgivings in the government over whether the tax change is worth it.
The realisation that about half the extra revenue from a GST rate increase would have to be spent on compensation is fuelling misgivings in the government over whether the tax change is worth it.
Former Labor Prime Minister Paul Keating has said a 1 or 2 per cent rise in the GST could be defensible if it is to fund hospitals.
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