Tag Archives: fresh

Aussies would spend $7 billion a lot more for fresh meals below GST model by PBO

Updated December 09, 2015 23:43:12

Scrapping a raft of GST exemptions would raise a lot more than $ 21 billion in extra income annually, such as more than $ 7 billion from fresh meals and more than $ six billion from healthcare, according to the Parliamentary Price range Office (PBO).

The independent office has modelled a variety of scenarios, from removing the GST-free status of simple meals through to applying a 15 per cent tax to a significantly broader base.

It found the adjustments could raise amongst $ 7.2 billion and $ 65.eight billion in 2017-18, just before compensation is supplied to the poorest 40 per cent of households.

“In the absence of compensation arrangements targeting reduced income households, each and every of the scenarios analysed would have a higher relative impact on reduced revenue earners,” the PBO report stated.

The analysis found for financial year 2017-18:

  • Applying a ten per cent GST to basic food would raise an further $ 7.two billion ($ four.eight billion after compensation)
  • Applying a ten per cent GST to fundamental food, well being, healthcare care, education, kid care, water and sewerage would raise an extra $ 21.six billion ($ 16 billion right after compensation)
  • Increasing the GST to 15 per cent without having expanding the base would raise an further $ 32.5 billion ($ 24.6 billion following compensation)
  • Increasing the GST to 15 per cent and applying it to fundamental meals would raise $ 42.7 billion ($ 31.4 billion right after compensation)
  • Escalating the GST to 15 per cent and applying it to simple food, health, medical care, education, child care, water and sewerage would raise an extra $ 65.8 billion ($ 49.three billion right after compensation).

Topics: tax, government-and-politics, australia

First posted December 09, 2015 22:10:13

Agen Sabung Ayam

Turnbull a ‘breath of fresh air’: Bishop

Updated November 28, 2015 21:11:07

Foreign Minister Julie Bishop has described Prime Minister Malcolm Turnbull as a “breath of fresh air”, although promoting the Coalition’s climate change policy ahead of United Nations talks in Paris next week.

Ms Bishop made the comments in the course of an address to the Liberal Party’s Victorian state conference in Geelong today.

She told the delegates the Prime Minister had brought in a “fresh, dynamic, optimistic confident narrative” since ousting former leader Tony Abbott in September.

“The Australian people are listening and they like what they hear, and Malcolm, he’s been a breath of fresh air across the country,” she mentioned.

“I have visited many electorates considering that the change in leadership and it has been welcomed by a lot of men and women.”

Mr Turnbull was absent from the conference and is attending the Commonwealth Heads of Government meeting in Malta, exactly where climate alter is high on the agenda.

Ms Bishop will travel to Paris subsequent week to help promote the Government’s strategy to minimize emissions by 26 to 28 per cent on 2005 levels by 2030.

She said the Coalition’s targets have been a lot more viable then Labor’s policy of reducing emissions by 45 per cent more than the very same period.

“A 45 per cent reduction, we know from their modelling, will hit the economy by about 600 billion dollars,” Ms Bishop mentioned.

“It is unbelievable, they will not tell us how they’ll do it, we know it will be a enormous hit to the economy.”

Topics: federal-government, liberals, climate-modify, turnbull-malcolm, bishop-julie, geelong-3220, vic, australia

First posted November 28, 2015 20:57:51

Agen Sabung Ayam