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Raise the GST to 15%

The Grattan Institute argues that Australia’s GST system is no longer delivering the stable revenue base it was designed to provide for state governments. With state debt rising rapidly and GST revenues declining as a share of the economy, Grattan proposes a major tax reform package: increasing the GST from 10% to 15%, extending it The post Raise the GST to 15% appeared first on MacroBusiness .

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Banking stocks, high oil prices drag Indian markets lower

Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week's losses amid simmering concerns over excessive investments in artificial intelligence (AI).

  • Indian equity indices drop 1.2% on Monday, ending two-day winning streak
  • Large private sector banks report disappointing September quarter earnings
  • Brent crude futures fall 1.5% to $108.18 amid investor uncertainty

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