GOODS AND SERVICES TAX (GST) – AUSTRALIA

Costello warns on GST change

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 29-Oct-14

The issue of the goods and services tax (GST) rate is again under scrutiny, with Prime Minister Tony Abbott renewing his push for tax reform. However, former treasurer Peter Costello believes that any change in the scope or rate of the GST should be conditional on the scrapping of other taxes, rather than merely being used to increase government revenue. Abbott says he will only proceed with changes to the GST if it is fully supported by the states

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Nahan’s hit list of key projects

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Original article by Shane Wright
The West Australian – Page: 1 : 7-Oct-14

The Western Australian (WA) Government has indicated that the funding of infrastructure projects will be affected by the decline in the iron ore price, which has fallen below $US80 per tonne. Treasurer Mike Nahan says the downturn has reduced the state’s revenue by at least $A1.5bn. Nahan has also called for changes to the allocation of goods and services tax revenue among the states to ensure a fairer deal for WA

CORPORATES
WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF THE TREASURY, PALMER UNITED PARTY

States fire up over GST distribution

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Original article by Mark Ludlow, Simon Evans, Jonathan Barrett, Geoff Winestock
The Australian Financial Review – Page: 6 : 15-Sep-14

Changes to the GST regime will be on the agenda at a meeting of Australia’s state and federal treasurers on 19 September 2014. Some states are concerned about the Commonwealth Grants Commission’s proposed changes to the distribution of GST revenue, with Western Australian Premier Colin Barnett arguing that the Commission is outdated and suggesting that implementing reforms to the GST system should not be a complex task

CORPORATES
AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF TREASURY AND FINANCE, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, QUEENSLAND. TREASURY, NEW SOUTH WALES. THE TREASURY