Joint Media Release with the Shadow Treasurer, Chris Bowen.
Federal Labor joins with the Treasurers of Victoria, South Australia, Queensland and the ACT in calling on Tony Abbott and Joe Hockey to support the removal of GST from tampons and pads.
The additional revenue that will flow from the application of GST on digital downloads provides a unique opportunity for the Commonwealth and the States and Territories to remove GST from sanitary products.
This has always been about fairness when it comes to the taxation of essential items.
There’s no more excuses now for Tony Abbott and Joe Hockey on this issue.
Next week’s Council of Federal Financial Relations is the perfect opportunity to get this done.
For more than 15 years it has been clear this anomaly needs to be fixed, it should be fixed next week.
The 2015-16 Budget shows that broadening the GST to include digital downloads will raise $350 million over the forward estimates, commencing 1 July 2017.
Mr Hockey has put figures into the public domain which suggest the cost of removing GST from tampons, pads, lines and ancillary products, would be $120 million over four years.
Getting this deal done will mean that States and Territories who are the beneficiary of the GST revenue will actually be better off.
Federal Labor calls on the Abbott Government and the other States and the Northern Territory to back the push for this important deal.