The government collects $10 billion in GST each year and has a - TopicsExpress

The government collects $10 billion in GST each year and has a surplus of $30 billion in the budget, according to IMF accounting conventions. They can remove the GST totally and still have a fairly healthy budget surplus of $20 billion. Removal of GST totally will reduce the cost of living by at least 7% and could be more, if the saving in accounting and administration for GST and GST vouchers is considered.

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