Tax Private School Fees, Healthcare Insurance to Get GST Back on Track, Argues Think Tank

Tax private school fees, healthcare insurance to get GST back on track, argues think tank

The Australia Institute has argued adding private school fees and private health insurance to GST earnings would generate more than just chump change. Photo: Damien Larkins. An independent think tank has argued GST needs to be applied to private school fees and private health insurance to stop states and territories from getting shortchanged. The Australia Institute calculated states have lost out on $231 billion since GST was introduced in 2001…

The huge cost to state budgets of failing GST - The Australia Institute

New Australia Institute research shows that if the GST had kept up with economic growth, as it was intended to do, states and territories would have received an additional $231 billion in revenue in the time since it was introduced. That includes $22 billion in lost revenue in 2023-24 alone. The decline of GST revenue has