Tag Archives: gst

PwC Breakfast on the Blackadder Budget – a cunning plan is afoot

Posted on May 14, 2014 by Gene Tunny

At the PwC Federal Budget breakfast this morning at the Brisbane RNA Showgrounds convention centre, popular finance commentator Peter Switzer gave an entertaining and informative address on last night’s Federal Budget, which he labelled the Blackadder Budget, because a cunning … Continue reading →

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New Treasury modelling supports change in tax mix towards GST

Posted on April 9, 2014 by Gene Tunny

In the latest Commonwealth Treasury Economic Roundup, there is an excellent paper on the economic impacts of company tax. The paper could be viewed as supporting a cut in company tax and replacing the lost revenue with greater GST revenue, either … Continue reading →

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Dr Parkinson right that the GST should be broadened

Posted on April 2, 2014 by Gene Tunny

I was pleased to see the Treasury Secretary, Dr Martin Parkinson, suggest today that the GST should be broadened to cover currently excluded items – i.e. health, education and fresh food (see Fiscal sustainability and living standards – the decade … Continue reading →

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Grattan joins fight against stamp duty

Posted on October 21, 2013 by Gene Tunny

Leading Australian think tank the Grattan Institute has joined the fight against stamp duty on property transactions (see Renovating housing policy and Jessica Irvine’s article). Grattan notes (on p.32): Stamp duty and pension asset tests create large disincentives to households … Continue reading →

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Qld budget surplus delay not a big deal, but reinforces need to consider Energex & Ergon sell off

Posted on June 4, 2013 by Gene Tunny

There won’t be much to report after the release of the Queensland Budget later today as it appears much of the big news has already been released, including a delay in achieving the Budget surplus, originally forecast for 2014-15 and … Continue reading →

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Government has to rely on inefficient taxes to fix budget – GST reform needed

Posted on May 27, 2013 by Gene Tunny

Among other 2013-14 Queensland Budget decisions, Treasurer Tim Nicholls today announced that the Government would be: Increasing the insurance duty on general insurance products from 7 to 9 per cent to assist the state in funding the NDIS (Disability Care … Continue reading →

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GST changes should be considered as part of wide-ranging tax and expenditure review

Posted on May 20, 2013 by Gene Tunny

Pat Hession from the Drive program on 630 ABC North Queensland interviewed me this afternoon on the merits of increasing the GST rate and broadening its base to include exempt items such as fresh food. I noted that, from an … Continue reading →

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What’s really happening with Commonwealth payments to Qld for health?

Posted on May 16, 2013 by Gene Tunny

While Commonwealth Health Minister Tanya Plibersek has claimed the Budget gives $1bn extra for Queensland hospitals, Queensland Treasurer Tim Nicholls is criticising the Commonwealth for cuts to health and other areas of Government. For example, Mr Nicholls presented this table … Continue reading →

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