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Reshaping the GST for the future
Published on 01 Sep 22 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
This chapter of the Case for Change considers Australia’s goods and services tax (GST). The GST is imposed at a rate of 10% of the final price of goods and services, subject to a broad range of exemptions and exclusions that effectively exclude around 50% of consumer spending from its scope. In the 20 years since its introduction, there has been a myriad of amendments to the GST law, but no substantive changes. Rebalancing the tax mix, including reviewing the GST base and/or rate of GST and addressing the potential inequities arising from doing so, is crucial to improving the resilience of our tax system. Holistic tax reform must include a comprehensive review of the GST regime. Note: The data contained within this chapter has not been updated since original publication of the Case for Change.
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THE TAX INSTITUTE
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
The Tax Institute is Australia's leading professional association and educator in tax providing the best resources, professional development and networks.