LatestGoods & Service Tax (GST) 29 October 2026
Peter Costello Slams GST Hike as Bad Idea
Former Australian treasurer Peter Costello, the country’s longest‑serving finance minister, denounced recent proposals to increase the Goods and Services Tax, calling the idea “bad” and warning it would hurt households and the economy. He argued that raising GST would be politically risky and fiscally unnecessary given other revenue options.
- GST increase labeled a *bad idea* by ex‑treasurer Peter Costello.
- He warns a higher GST would raise living costs for families and could backfire politically.
- Costello suggests exploring other revenue measures instead of a tax hike.
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