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Will Labor raise the GSt rate?
If Labor win the election they will have the means to raise the gst rate as they hold all states already and history shows that they love to spend
2 Answers
- Anonymous1 decade agoFavourite answer
The states are going heavily into debt and the GST is state tax (all the revenues from the GST go to the states) so it is conceivable that they may want to increase their tax base.
With labor in government federally and in all the states there will be no checks or balances to stop the GST from being increased. This means that the chances of the GST increasing under labor is a lot higher than if the Liberals are elected.
- ?Lv 61 decade ago
Almost certainly. Why wouldn't labor want to increase taxes on the goods and services it produces ?