Abstract:The major political parties support the tenet of the original GST agreement that GST change requires unanimous state approval. However, GST change could differentially affect state economies, and thus influence support from individual states. We investigate the potential for GST change to differentially affect state economies. We do this by developing a multi-regional model of the Australian economy that contains details of the legislated features of the GST. In this model, when we change any element of the GS… Show more
“…For a description of the GST theory in VURMTAX, and how GST differentially affects state and local governments, seeGiesecke and Tran (2018).3 As noted byFreebairn et al (2015), the others are Queensland, the Northern Territory and the ACT.…”
“…For a description of the GST theory in VURMTAX, and how GST differentially affects state and local governments, seeGiesecke and Tran (2018).3 As noted byFreebairn et al (2015), the others are Queensland, the Northern Territory and the ACT.…”
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