Part 1/8:
The Future of Australia’s GST and RBA Rate Cuts: Expert Insights
A renewed push has emerged to consider expanding Australia's Goods and Services Tax (GST), sparking debates among economists, policymakers, and the public. According to independent modeling commissioned for the Productivity Commission, increasing the GST is seen as minimizing economic harm compared to other tax options. In an interview with Scott Phillips, the Chief Investment Officer at Motley Fool, the discussion delves into the potential benefits and political unpopularity of such a move, alongside the implications of changing interest rates set by the Reserve Bank of Australia (RBA).