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The Turnbull Government

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drsmith said:
I remain of the broad view that the income tax base should be broadened to reduce effective marginal tax rates and to simplify. The problem with Labor is their motivation is to increase the tax take to increase spending. We saw during their previous time in office the wasteful fantasies they engaged in, some of which we are still dealing with the legacy of today.
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Didn't they hold it to the 23.7% that Howard left them?
 
drsmith said:
I remain of the broad view that the income tax base should be broadened to reduce effective marginal tax rates and to simplify. The problem with Labor is their motivation is to increase the tax take to increase spending. We saw during their previous time in office the wasteful fantasies they engaged in, some of which we are still dealing with the legacy of today.
Click to expand...
Although broadly in agreement with you Doc, if you mean hiking the rate of the consumption tax (GST), I think this unfairly disadvantages the lower socio-economic population, and undermines the progressivity of the tax system. A GST is ok, but not if it becomes the path of least resistance for tax reform.
 
drsmith said:
I remain of the broad view that the income tax base should be broadened to reduce effective marginal tax rates and to simplify. The problem with Labor is their motivation is to increase the tax take to increase spending. We saw during their previous time in office the wasteful fantasies they engaged in, some of which we are still dealing with the legacy of today.
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What!!! Spending has increased under LNP not to mention those two lucky mugs Howard / Costello election buying middle class spending.
 
Logique said:
Although broadly in agreement with you Doc, if you mean hiking the rate of the consumption tax (GST), I think this unfairly disadvantages the lower socio-economic population, and undermines the progressivity of the tax system. A GST is ok, but not if it becomes the path of least resistance for tax reform.
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I'm not in favour of hiking the GST rate, only broadening the base to make it simpler. If the base is broadened, the rate can be reduced to ensure the GST tax take is not increased or a broader approach could be taken with an increased GST take being used to replace other inefficient taxes.

It's fundamentally simpler to achieve tax progressivity through marginal income tax/welfare than through a consumption tax such as the GST.
 
SirRumpole said:
Good. It seems to make a nonsense of "sack all the public servants we can" policy and then find out that they can't deliver the services any more.

What a surprise. :rolleyes:
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U-turns are the new iron fist governance of whatever it takes for votes.
 

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