Published: October 06, 2018
Why not leave the GST on and use the $30m to give free tampons to low-income women?
This week the economic news was the GST, with the announcement of the removal of the GST from tampons and other sanitary products, and the government pushing ahead with its plan to rejig the way the GST is carved up among the states. Both policies look significant upon first glance but in reality are symbolic acts designed to make it look like things are being done, rather than actually solving the underlining issues.
To axe the GST on tampons will cost around $30m a year in revenue – or less than 0.5% of the total amount of GST raised each year. It’s such a small amount that you do have to wonder what took everyone so long.
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