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Commercial taxation law – GST interim news update from the Australian 21/07

Prime Minister Tony Abbott has hosed down expectations his leaders retreat will settle on changes to the GST. “We are at the beginning of the process,” Mr Abbott said on Tuesday. Mr Abbott and the premiers and chief ministers will take part in a retreat in Sydney on Wednesday that seeks to thrash out a future framework for the federation.The GST is high on the agenda after NSW Premier Mike Baird proposed an increase in the rate to 15 per cent from 10 per cent as a way of funding a projected shortfall in health funding. Pending further developments – Hot developing tax issue.