PwC has released the second edition of its Where next for Australia’s tax system series, How GST reform can help reboot prosperity for Australia.
The report shows that reform of the goods and services tax (GST) could deliver Australia a revenue boost of between $14 billion and $40 billion, stimulating productivity and economic growth and enabling the abolition of less efficient taxes.
The report proposes four different reform scenarios to help address fiscal issues as well as structural challenges and inequities in Australia’s tax system.
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