GOVERNMENT IN CHAOS ON 15 PER CENT GST ON EVERYTHING

The Turnbull Government’s internal divisions and chaotic approach to the tax reform debate threatens to undermine confidence in the Australian economy.

Just a day after Malcolm Turnbull tried to back away from an increased GST, both the Finance Minister and Assistant Treasurer refused to rule out a 15 per cent GST on everything.  

When Mathias Cormann was asked: “For the sake of business confidence, is a GST increase off the table?” The Finance Minister refused to rule it out. 

When asked: “Did the Prime Minister maybe go a step too far with his comments yesterday? Most people are looking at it saying it’s off now, the GST, the Prime Minister has baulked.”

Assistant Treasurer, Kelly O’Dwyer, said:

Well no, that’s not what the Prime Minister said,” and “We need to consider all the options on the table.”

KELLY O’DWYER – SKY NEWS – 8 FEBRUARY 2016

It’s clear there is significant division within the Government about a 15 per cent GST on everything.

Malcolm Turnbull’s approach of policy position by inference must come to an end; the Government must provide certainty for Australian households and businesses.

After more than two years in office, and five months under Malcolm Turnbull, the Coalition has failed to deliver a plan for Australia’s economic future.

Malcolm Turnbull used Tony Abbott’s economic mismanagement as a principle reason to knife the former Prime Minister, but nothing has changed.

Labor has a clear plan for Australia’s economic future and has so far announced more than $70 billion worth of improvements to the Budget bottom-line, including:

  • Making multinationals pay their fair share of tax in Australia;
  • Reducing high income superannuation tax concessions;
  • Increasing the excise on tobacco;
  • Scrapping Tony Abbott’s Emissions Reduction Fund;
  • Scrapping Malcolm Turnbull’s new Baby Bonus; and
  • Not wasting $160 million on a marriage equality plebiscite.