GST Deal Exposed as Fiscal Disaster | Australia News

The Productivity Commission has slammed the 2018 GST deal with Western Australia as a costly and unfair financial disaster, costing taxpayers nearly $23 billion with little benefit to other states. The deal’s “floor” on GST per capita forces states to lose out if they improve their finances, while WA continues to gain—even during disasters it didn’t cause. Economists call it the worst public policy of the century, urging a rewrite or permanent “no worse-off” payments, which could cost up to $12 billion annually. Yet, with both major parties reliant on WA’s votes, political inertia is likely to keep the flawed deal intact. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/21d7a3d39b76fe04