Turnbull’s real tax reform plan

A quick wordNow that the GST is ‘off the table’, the Turnbull Government is negotiating with the Greens on negative gearing and reducing super concessions. Except those were not issues of central contention between the Government and Opposition. Only Treasurer Scott Morrison baulked on negative gearing and tinkered with a soft approach for self-funded retirees.

The plan is patently clear: create the perception that the Federal Opposition is irrelevant to the debate while aligning tax reform policies more closely to those of Labor. This should defuse a  potential electoral backlash from a GST increase and add to the already healthy government majority in the House of Representatives at the next election. The logical objective is to win control of the Senate and the stage will be set to administer tough economic medicine, including an increase to the GST.

Frank Carroll

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s