The Turnbull Government’s internal divisions and chaotic approach to the tax reform debate threatens to undermine confidence in the Australian economy.
Just a day after Malcolm Turnbull tried to back away from an increased GST, both the Finance Minister and Assistant Treasurer refused to rule out a 15 per cent GST on everything.
When Mathias Cormann was asked: “For the sake of business confidence, is a GST increase off the table?” The Finance Minister refused to rule it out.
When asked: “Did the Prime Minister maybe go a step too far with his comments yesterday? Most people are looking at it saying it’s off now, the GST, the Prime Minister has baulked.”
Assistant Treasurer, Kelly O’Dwyer, said:
“Well no, that’s not what the Prime Minister said,” and “We need to consider all the options on the table.”
KELLY O’DWYER – SKY NEWS – 8 FEBRUARY 2016
It’s clear there is significant division within the Government about a 15 per cent GST on everything.
Malcolm Turnbull’s approach of policy position by inference must come to an end; the Government must provide certainty for Australian households and businesses.
After more than two years in office, and five months under Malcolm Turnbull, the Coalition has failed to deliver a plan for Australia’s economic future.
Malcolm Turnbull used Tony Abbott’s economic mismanagement as a principle reason to knife the former Prime Minister, but nothing has changed.
Labor has a clear plan for Australia’s economic future and has so far announced more than $70 billion worth of improvements to the Budget bottom-line, including:
- Making multinationals pay their fair share of tax in Australia;
- Reducing high income superannuation tax concessions;
- Increasing the excise on tobacco;
- Scrapping Tony Abbott’s Emissions Reduction Fund;
- Scrapping Malcolm Turnbull’s new Baby Bonus; and
- Not wasting $160 million on a marriage equality plebiscite.