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South Australian businesses are backing an increase in the GST if it leads to state-based costs such as payroll tax being wound back.
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UPDATED | Treasurer Rob Lucas insists he will still be able to deliver “a modest surplus” in his next budget, despite conceding a dramatic $577 million write-down in Commonwealth GST revenues over the next four years which will send him scrambling for savings.
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South Australia’s Treasury will analyse the Federal Government’s new GST deal to double-check the state’s coffers will not suffer.
UPDATED | State Treasurer Rob Lucas is warning the Federal Government he will strongly oppose any change to the current GST distribution deal.
SA Premier Jay Weatherill says Western Australia has always been “intellectually dishonest” about the GST, dismissing Malcolm Turnbull’s push for a change in the way it is distributed as a distraction from health funding cuts and soaring power prices.
Malcolm Turnbull says if re-elected he will sit down with state premiers to again discuss the distribution of GST revenue.
