11 hours ago
- Business
- AU Financial Review
Lowe backs GST, company tax shake-up
Former Reserve Bank governor Philip Lowe has urged the Albanese government to consider raising and broadening the GST and lowering company taxes as part of a broader overhaul of the taxation system that ensures future generations enjoy higher living standards than their parents.
In a wide-ranging interview with AFR Weekend that also touched on housing, monetary policy and artificial intelligence, Lowe said lifting the 10 per cent GST while encouraging greater investment through cuts to income and company taxes could be 'a sensible reform'.
