Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 3-Jul-18
The Federal Government will shortly release its response to the Productivity Commission’s report on the distribution of goods and services tax revenue. Prime Minister Malcolm Turnbull has stressed that no state will be disadvantaged by any change in the methodology for allocating GST revenue. The government is expected to compensate states for any loss of revenue during the transition to a new GST distribution formula; economist Saul Eslake says clarification is needed regarding the compensation plan.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. PRODUCTIVITY COMMISSION, VICTORIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY