Raising GST in Australia and Why it Would Work

Should Australia raise the GST and lower income tax? Today, we dive into one of the most controversial tax reform ideas, exploring how increasing GST while cutting income tax could simplify the system, boost business, and create a fairer economy. We compare Australia’s tax system to other countries, discuss capital gains tax, corporate tax loopholes, and economic impacts, and break down why no politician is willing to touch this topic. Is it time for a change? Let’s debate!

(00:00) Intro
(0:40) Should We Raise GST? The Big Debate Begins
(04:01) Higher GST, Lower Income Tax – Would It Work?
(05:58) Capital Gains Tax & Property Prices – What Needs to Change?
(08:48) The Real Reason Big Businesses Pay Little to No Tax
(10:44) How Australia’s Tax System Compares to Other Countries
(11:59) The Surprising Tax Rates in the UK, Germany & France
(16:08) Why No Politician Will Touch GST Reform
(18:51) Could Tax Simplification Boost the Economy?
(20:14) The Real Reason Australian Property Prices Are Skyrocketing
(22:51) Would Raising GST Cause Inflation to Spiral?
(24:32) Is This the Only Way to Fix Australia’s Broken Tax System?

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The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic

This podcast is produced by VIDPOD.

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