The Baird Government has refused to give an assurance that it won’t resurrect its campaign to push for a 50 per cent increase in the GST.
Because of the way GST receipts are calculated Treasurer Gladys Berejiklian is forecasting a drop in NSW’s share of GST revenue, resulting in the state getting $10 billion less revenue over the next four years.
The GST shortfall has opened the way for the Baird Government to revive its much-maligned push to increase the GST by 50 per cent.
In Question Time on Tuesday Ms Berejiklian refused to rule out an increase; earlier this week in the media Mike Baird also refused to rule out a GST hike.
Mr Baird led the charge for an increase to the GST from 10 to 15 per cent on two occasions, in July 2015 and in February 2016, despite knowing it would increase the cost of homes by tens of thousands of dollars and would have a ‘negligible’ impact on the budget.
Quotes attributable to Shadow Treasurer Ryan Park
“Instead of standing up for Canberra to get a better deal on GST Mike Baird and Gladys Berejiklian are getting ready to slug NSW taxpayers with an increase."
“Mike Baird was happy to push for a GST increase to fund tax cuts for big business – so much for looking after our schools and hospitals."
“The GST is a tax that hits the people who can least afford it, yet that’s not going to stop Mike Baird and Gladys Berejiklian from having another go at reigniting the Liberals’ campaign.”