Frydenberg rules out GST increase

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Amid calls from the NSW Government for tax reform, Treasurer Josh Frydenberg this morning ruled out raising the GST, instead preaching tax cuts. Here’s what Frydenberg told Sky News:

“Our focus is on getting people back to work. Our focus is in ensuring the economy opens up. And that’s why we are doing the review of the JobKeeper program right now. That’s why we have put together $260 billion of support in economic job packages. That is our focus.

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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.