Original article by Joanna Mather, Jacob Greber
The Australian Financial Review – Page: 1& 8 : 14-Sep-15

A new report from Deloitte outlines several options for tax reform in Australia, estimating that overhauling the tax regime could boost national income by two per cent. The firm has proposed lifting the GST from 10 per cent to 15 per cent, but not increasing the scope of the tax to include items that are currently exempt. It is estimated that this would lift revenue by $A152bn over four years. Deloitte has also canvassed the option of raising the GST to 12.5 per cent and extending it to include fresh food. This option is forecast to raise $A112bn.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, KPMG AUSTRALIA PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET