Review panel calls for changes to GST
Friday 30 November 2012 @ 3.27 p.m. | Taxation
Federal independent MP Rob Oakeshott says the states and the Commonwealth need to urgently discuss overhauling the tax system, following the release of a review into the GST.
Both major parties have ruled out changing the Goods and Services Tax, but a review panel has found maintaining the current levels of tax will put increasing pressure on governments to cut services.
The panel's report contains a range of findings and recommendations, including putting the GST on products bought online and changing the first homebuyers scheme.
Click here to read more.
Do you have a need for detailed tax legislation? If you do then you should trial our Income Tax Point in Time Service and gain convenient and reliable access to complete histories of legislative provisions, compare changes over time and search for relevant content at any date.