iscover Under the Hood: How GST reform can work in Australia
TaxIn this episode of Under the Hood, Accountants Daily journalist Carlos Tse is joined by Matt Nolan, economist and senior research manager at the e61 Institute, to explore why GST reform is back on the economic agenda.
Carlos and Matt discuss the economic case for GST reform, including how Australia’s ageing population, rising fiscal pressures, and inflation have renewed interest in rethinking the balance between consumption and income taxes.
They explore why the GST raises concerns about household budgets, fairness, and the potential impact on lower-income taxpayers.
Matt also examines how a broader GST base, combined with changes to income tax rates and targeted support for lower-income households, could improve the efficiency, simplicity, and consistency of Australia’s tax system.
Tune in to hear more about:
- Why economists are continuing to advocate for GST reform.
- The relationship between GST and income tax.
- Why GST reform remains controversial.
- Why combining the tax reform and spending discussions can complicate the public debate.
- The potential benefits of broadening the GST base and reducing income tax rates.
- What Australia can learn from New Zealand’s approach to its tax policy processes.
- How shifting the tax mix could reduce the distortionary effects of inflation.
- Why clearer communication and a focused, evidence-based case for reform are essential to building public support.
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