ECONOMICS Higher consumption tax will bite in everyday bills*

Herman Goering, Deputy Fuhrer under Adolf Hitler, was reputed to have once said, “Every time I hear the word ‘culture’ I reach for my revolver”. I react pretty much the same way whenever I hear the words “tax reform”. All the usual suspects are preaching the gospel of a higher consumption tax (GST). The idea at present attracting attention is increasing the tax from 10 per cent to 15 per cent, either on all goods taxed at 10 per cent under the current …

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