Business welcomes proposed GST changes

Business welcomes the Federal Government’s proposed changes to the GST distribution, which potentially end years of inter-state bickering, Business Council of Australia chief executive Jennifer Westacott said today.

“The combined effect of the GST distribution changes and personal income tax reform, a more competitive company tax rate and the related integrity measures adds up to major national reform which will grow the economy, create jobs and help ensure all Australians can access high quality government services.

“The proposed floor and additional funds offer a way past the politically divisive zero sum nature of the GST distribution and thus remove one of the larger barriers to Commonwealth-state service delivery reform. And it will give all state governments much needed budget certainty and stability.

“The government’s proposed approach to the GST distribution achieves many of the outcomes the Business Council, Chamber of Commerce and Industry WA and others have called for in submissions to the Productivity Commission.”

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