The National and Regional Consequences of Australia's Goods and Services Tax

The major political parties support the tenet of the original GST agreement that GST change requires unanimous state approval. However, GST change could differentially affect state economies, and thus influence support from individual states. We investigate the potential for GST change to differenti...

Full description

Saved in:
Bibliographic Details
Published in:The Economic record 2018-09, Vol.94 (306), p.255-275
Main Authors: Giesecke, James A., Tran, Nhi H.
Format: Article
Language:English
Subjects:
Changes
Economic structure
GST
Political parties
Regional differences
Regional variations
Taxation
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The major political parties support the tenet of the original GST agreement that GST change requires unanimous state approval. However, GST change could differentially affect state economies, and thus influence support from individual states. We investigate the potential for GST change to differentially affect state economies. We do this by developing a multi‐regional model of the Australian economy that contains details of the legislated features of the GST. In this model, when we change any element of the GST, the economic effects are informed by regional differences in economic structure and their interactions with the details of our GST theory.
ISSN:0013-0249
1475-4932
DOI:10.1111/1475-4932.12419