Plan to lift GST must come with lower income tax burden

Plan to lift GST must come with lower income tax burden

A bid to strengthen the budget and improve productivity could increase the tax burden on Australians unless a...

The Implications of the Upcoming GST Increase in Australia

Introduction The Goods and Services Tax (GST) increase has become a topic of vital discussion in Australia as the government announces plans to adjust the current rate. GST, which is a value-added tax applied to most goods and services, is crucial for funding public services and infrastructure. With economic pressures mounting and inflation affecting households, this change reflects significant governmental policy shifts that could have broad im…

Economic Bulletin August 2025

In the feature article we examine Inland Revenue’s draft report on tax options for an ageing population. Unless there are changes to taxation, an ageing population will squeeze the government’s accounts from two sides. On the revenue side, it will mean proportionally fewer working-age people are providing tax revenue to the government. On the expenditure side, it will mean a growing superannuation and healthcare bill. Inland Revenue’s briefing d…