Tax increases or more budget deficits?

  1. 5,431 Posts.
    Its certainly going to be and interesting term for the Coalition and an interesting decade ahead.

    1. NG claims to increase.

    2. Franking credit refunds to increase.

    "The Morrison government will need to consider cuts to spending or increasing the GST or other consumption taxes to offset the increasing revenue loss from the continuation of excess franking credit refunds, according to KPMG tax specialist Damian Ryan.Following Labor’s failure to win office, blamed in part to hostility to its planned clampdown on tax concessions, Mr Ryan said the revenue issue that was “trying to be addressed” by the opposition’s plan to ban excess refundable franking credits still remains a problem."

    https://www.theaustralian.com.au/business/wealth/the-coalition-still-needs-to-offset-revenue-loss-from-franking-credits-kpmg/news-story/52664f8ff18b9c19c289696b3bf90242

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.