Treasurers at odds over call to abolish payroll tax

Original article by Sumeyya Ilanbey
The Age – Page: Online : 1-Jun-20

Federal Treasurer Josh Frydenberg says he is keen to work with the states and territories to help reduce the payroll tax burden on companies. Frydenberg says he would "love the states" to get rid of the tax, but Victorian Treasurer Tim Pallas has rejected any likelihood that the state will do so. Payroll tax generated $6.2 billion for the Victorian government in the 2018-19 financial year, and Pallas says abolishing it would reduce the government’s ability to fund services and infrastructure projects.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, VICTORIA. DEPT OF TREASURY AND FINANCE

PM touts a new era of state unity

Original article by Geoff Chambers, Simon Benson
The Australian – Page: 1 & 5 : 26-May-20

Prime Minister Scott Morrison will use a National Press Club speech on 26 May to outline the key principles of the federal government’s JobMaker economic plan for the post-coronavirus environment. Amongst other things, Morrison will call for greater co-operation between unions and business as part of a push to overhaul the industrial relations system. He will also stress the need for changes to the jobs training sector, arguing that the current system for allocating skills funding to the states and territories is not working.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PRESS CLUB (AUSTRALIA)

Make states raise own revenue, say Liberal MPs

Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 6-Nov-19

Prime Minister Scott Morrison recently ruled out any increase in the goods and services tax. However, there is growing support within the Coalition’s ranks for an overhaul of fiscal relations between the federal and state governments. Some Liberal MPs have proposed giving the states more power to raise their own revenue. Former prime minister Malcolm Turnbull proposed such a move in 2016, whereby federal income tax rates would be reduced and the states would impose their own income tax to make up for the revenue shortfall.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NEW SOUTH WALES. THE TREASURY

‘We’re not doing it’: PM quickly nixes call to raise GST

Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 29-Oct-19

Prime Minister Scott Morrison has ruled out any changes to the goods and services tax regime without seeking a mandate from voters. Morrison has indicated that the federal government looked at broadening the GST when he was Treasurer, but such a move was deemed to have little economic benefit. Liberal senator Dean Smith recently broke ranks with his Coalition colleagues by advocating an increase in the rate and scope of the GST, arguing that the additional revenue would allow the states to abolish payroll taxes.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, NEW SOUTH WALES. THE TREASURY

State revenues under threat: PM

Original article by Primrose Riordan, Ben Packham, Ben Wilmot
The Australian – Page: 6 : 1-May-19

Prime Minister Scott Morrison says Labor’s proposed changes to the negative gearing and capital gains tax regimes could result in lower GST and stamp duty revenue for state governments. He added that the states should seek a guarantee from Labor that its reforms would not affect their revenue. Shadow treasurer Chris Bowen in turn has blamed the Coalition for the housing market downturn, which has reduced state governments’ stamp duty revenue.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA, STOCKLAND – ASX SGP, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, HOUSING INDUSTRY ASSOCIATION LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED

Morrison’s $9bn GST fix facing Labor, states revolt

Original article by Andrew Burrell, Rachel Baxendale
The Australian – Page: 1 & 4 : 4-Oct-18

The federal government’s proposed changes to the formula for distributing goods and services tax revenue was rejected by the majority of state treasurers at a meeting on 3 October. The reforms had the support of Western Australia’s Treasurer Ben Wyatt, but other state treasurers warned that the Coalition must guarantee that no state or territory will be worse off. Federal Labor also opposes the GST reforms, and Prime Minister Scott Morrison says he will take the GST policy to the next election if it is blocked in parliament.

CORPORATES
AUSTRALIAN LABOR PARTY, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF TREASURY AND FINANCE, NEW SOUTH WALES. THE TREASURY, QUEENSLAND. TREASURY, TASMANIA. DEPT OF TREASURY AND FINANCE, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE

PM stares down states over GST compensation

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 3-Oct-18

Proposed changes to the formula for the distribution of goods and services tax revenue will head the agenda of a meeting of the federal and state treasurers on 3 October. Prime Minister Scott Morrison has given assurances that no state will worse off, but the eastern states are concerned that the GST reforms favour Western Australia and that they will lose more in revenue than the federal government has proposed to offer by way of compensation. Morrison has indicated that he will legislate to make the changes even if the reforms are not supported by the eastern states.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF TREASURY AND FINANCE

Labor threat to derail GST distribution law

Original article by Andrew Burrell, Matthew Denholm
The Australian – Page: 6 : 2-Oct-18

Prime Minister Scott Morrison has announced that he will introduce legislation aimed at changing the way that goods and services tax revenue is distributed. He promised that no state would be worse off under his GST plan, but shadow treasurer Chris Bowen said he is concerned that Morrison’s proposed legislation does not state explicitly that this would be the case. Similarly, the Tasmanian Government wants an "enforceable guarantee" from the federal government that it will not be worse off under the proposed changes.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, TASMANIA. DEPT OF PREMIER AND CABINET, TASMANIA. DEPT OF TREASURY AND FINANCE, NEW SOUTH WALES. THE TREASURY

PM to sandbag seats with GST overhaul

Original article by Andrew Burrell
The Australian – Page: 1 & 4 : 1-Oct-18

Prime Minister Scott Morrison is poised to announce plans for changes to the formula for distributing goods and services tax revenue. The legislation, which would provide the states and territories with an additional $7.2bn in funding, is expected to be put forward during the next session of Parliament. The changes will benefit Western Australia in particular, where the Liberal Party is in danger of losing up to five seats at the next federal election. The proposed changes will include the introduction of a GST floor of $0.70 in the dollar from 2022-23, which will increase to $0.75 in 2024-25.

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

Treasurer’s fix ends GST battle

Original article by Ben Packham
The Australian – Page: 1 & 2 : 6-Jul-18

Shadow treasurer Chris Bowen has criticised the Federal Government’s proposal to provide the states and territories with top-up goods and services tax payments. Treasurer Scott Morrison said the GST payments will be funded via consolidated revenue, but Bowen has warned that the government could potentially reduce funding for hospitals and schools to finance the deal. The states are expected to endorse the changes, which aim to ensure that each state’s share of GST revenue does not fall below $0.75 in the dollar.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, NEW SOUTH WALES. THE TREASURY