Get prepared, state taxes are gonna rise

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By Leith van Onselen

Last week, Prime Minister, Malcolm Turnbull, told the states to quit relying on the Commonwealth and raise their own taxes to fund hospitals, schools and schools:

“The states have got themselves into a way of thinking that every time they need more money, they just go to the ATM of the federal government,” he told Radio 5AA in Adelaide on Friday.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.