NSW is urging other states to back wide-ranging tax reform including a rise in the GST and the gradual abolition of property stamp duties to super-charge the economy out of the pandemic recession
while calling on the Morrison government to help finance the plan.
Road funding would also be overhauled, with a congestion charge for the Sydney CBD and a road user charge for electric vehicles, while car registration, stamp duty and motor vehicle insurance would be axed and replaced with distance-based charges. Any changes would also upend the current way the $66 billion GST pool is distributed among the states, which was overhauled by Scott Morrison when he was treasurer to placate ongoing concerns by Western Australia over its share.
"The government has already undertaken significant tax reform and will continue to look to opportunities to drive a fairer and simpler tax system," he said. Former prime minister John Howard said unless the Morrison government wanted change, nothing was likely to happen.
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