See above discussion, when wealthy people are responsible for declaring their own income, it tends to be low.
GST is "regressive". You have to charge everybody the same 10%. You can't ask wealthy people to pay 40% like you can with income tax.
I actually have no idea what percentage of tax revenue is GST vs Personal Income Tax vs Company Tax. I'm interested now, I'll go do some research.
This is what I found https://www.abs.gov.au/articles/insights-government-finance-...
See above discussion, when wealthy people are responsible for declaring their own income, it tends to be low.
GST is "regressive". You have to charge everybody the same 10%. You can't ask wealthy people to pay 40% like you can with income tax.
I actually have no idea what percentage of tax revenue is GST vs Personal Income Tax vs Company Tax. I'm interested now, I'll go do some research.
This is what I found https://www.abs.gov.au/articles/insights-government-finance-...